21.03.202514:04 Forex Analysis & Reviews: Trading Signals for GOLD (XAU/USD) for March 21-24, 2025: buy above $3,026 (7/8 Murray - 61.8%)

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Early in the American session, gold is trading around 3,033, rebounding after reaching a low of 3,021 during the European session.

Gold is expected to reach the 3,036 or 3,039 area in the coming hours, a level that coincides with the top of the downtrend channel. Once this level is reached, gold could resume its downward cycle.

If gold breaks and consolidates above the 21 SMA and above 3,040, the outlook could be bullish. Hence, a bullish move is expected toward the 7/8 Murray located at 3,046 and the instrument could even reach the high of 3,057.

On the other hand, if there is a pullback toward the 3,023 level, where weekly support is located, this could give gold bullish momentum for the coming hours and could be seen as a signal to buy with a target at 3,039.

The Eagle indicator is reaching oversold levels. So, we believe that gold could resume its bullish cycle in the coming days. For this, we should expect consolidation above the psychological level of $3,000.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.