empty
14.03.2025 11:08 AM
XAU/USD: Analysis and Forecast

This image is no longer relevant

Gold is consolidating after reaching a new all-time high. Concerns over U.S. President Donald Trump's aggressive trade policy and its impact on the global economy continue to drive demand for safe-haven assets like gold. Additionally, expectations that the Fed will raise interest rates multiple times this year amid a slowing U.S. economy are adding further support to the yellow metal.

Positive news on U.S.-Canada trade negotiations and confidence that Democrats will avoid a government shutdown are improving market sentiment. Increased demand for the U.S. dollar is limiting bullish bets on gold. However, the fundamental backdrop suggests that the path of least resistance for XAU/USD remains to the upside.

From a technical perspective, the breakout of resistance in the $2928-$2930 range and a move above the previous record near $2956 triggered further growth. However, the Relative Strength Index (RSI) on the daily chart is near overbought territory, indicating the need for short-term consolidation or a moderate pullback before the next upward move. Nonetheless, the overall trend remains bullish, supporting expectations of continued gains.

In the event of a pullback, the $2956 zone is likely to attract new buyers, while the $2930-$2928 range now serves as key support. A break below this level could trigger technical selling, leading to deeper losses toward the psychological level of $2900 and the $2880 level, where the weekly low is located.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

WTI Gains Support from Rising Geopolitical Tensions in the Middle East

For the third consecutive day, West Texas Intermediate (WTI) crude oil is attracting buyers. Currently, the commodity is trading slightly above the key psychological level of $68.00, having gained over

Irina Yanina 18:24 2025-03-18 UTC+2

USD/JPY. Analysis and Forecast

Today, the Japanese yen continues to decline intraday, pushing USD/JPY close to the key psychological level of 150.00, with the pair setting a new two-day high around 149.87. Global market

Irina Yanina 18:21 2025-03-18 UTC+2

Market catches fish in muddy water

Chaos in the White House's economic policy has pushed the S&P 500 to the brink. The broad stock index briefly entered correction territory before rebounding with two consecutive days

Marek Petkovich 11:18 2025-03-18 UTC+2

Positive Data from China and Rising Risk Appetite Support a Bullish Outlook for the Kiwi – NZD/USD Analysis

The New Zealand dollar (NZD) has gained another strong bullish factor as the ANX Commodity Price Index recorded another solid increase in February, rising 3.0% month-on-month (m/m) and 14% year-on-year

Kuvat Raharjo 10:36 2025-03-18 UTC+2

No Major Surprises Expected from the Fed Meeting (Anticipating a Sharp Drop in EUR/USD and Continued Cautious Gold Price Growth)

Markets are experiencing turmoil due to the risk of a U.S. economic recession. Although Treasury Secretary Bessent attempts to reassure investors by calling the market "correction" a healthy process, these

Pati Gani 08:48 2025-03-18 UTC+2

What to Pay Attention to on March 18? A Breakdown of Fundamental Events for Beginners

A large number of macroeconomic events are scheduled for Tuesday, but none of them are significant. For example, the Eurozone and Germany will publish ZEW economic sentiment indices, which

Paolo Greco 06:08 2025-03-18 UTC+2

GBP/USD Pair Overview – March 18: The Pound Persistently Climbs Upward

On Monday, the GBP/USD currency pair continued to lean toward growth. There were no significant events in the UK throughout the day, while in the U.S., only one report

Paolo Greco 04:04 2025-03-18 UTC+2

EUR/USD Pair Overview – March 18: The Break is Over

The EUR/USD currency pair has resumed its upward movement. Since there was very little news on this day, and none of it was significant, volatility remained quite low, preventing

Paolo Greco 04:04 2025-03-18 UTC+2

USD/JPY: Analysis and Forecast

The Japanese yen continues to be on the defensive against the U.S. dollar, as global risk sentiment improves following new stimulus measures announced by China over the weekend. This

Irina Yanina 11:35 2025-03-17 UTC+2

USD/CAD: The Pair Starts the New Week with Caution

The USD/CAD pair begins the new week with caution, fluctuating within a narrow range above 1.4350 and remaining above the 50-day SMA. However, fundamental factors suggest potential downside risks. Positive

Irina Yanina 11:05 2025-03-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.