GOLD HOLDS ABOVE $3,000 – BIG MOVE AHEAD?

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📌 Market Overview
Gold remains stable above the $3,000 mark as traders await the March 19 FOMC meeting. The Federal Reserve is expected to keep interest rates unchanged, but speculation about a rate cut in June 2025 continues. Amid global economic uncertainty, gold maintains its position as a safe-haven asset, benefiting from a low-interest-rate environment.

🔹 Key Fundamental Factors
1️⃣ Fed’s Economic Projections
The upcoming forecasts will provide insights into how policymakers assess Trump’s fiscal policies.
A dovish Fed stance could push gold to new highs.
2️⃣ Safe-Haven Demand for Gold
Low interest rates increase gold’s attractiveness as a non-yielding asset.
Geopolitical tensions continue to support gold’s long-term bullish outlook.
3️⃣ Interest Rate & Inflation Impact
Traders anticipate a rate cut by June, fueling gold’s rally.
However, if inflation remains strong, the Fed may delay cuts, causing short-term pullbacks in gold.

📊 Technical Analysis – Key Levels to Watch
🔺 Resistance (Upside Targets)
$3,034 - $3,050: If gold holds above $3,000, a test of this zone is likely.
Breakout Alert: A move past $3,050 could trigger stronger bullish momentum.
🔻 Support (Pullback Zones)
$3,000: A critical psychological level.
$2,985 - $2,975: A potential dip zone where buyers might step in.
$2,945 - $2,950: Strong long-term support—breaking below could indicate a shift in trend.

🎯 Trading Plan
🟢 BUY ZONE: 2986 - 2984
📍 SL: 2980
🎯 TP: 2990 - 2994 - 3000 - 3005 - 3010

🔴 SELL ZONE: 3033 - 3035
📍 SL: 3039
🎯 TP: 3028 - 3024 - 3020 - 3015 - 3010

⚠ Market Caution!
Gold is consolidating above $3,000, but volatility is expected ahead of the Fed meeting.
Watch for potential breakouts or pullbacks—stick to risk management strategies!
📢 Will gold maintain momentum above $3,000, or is a correction coming? Share your thoughts below! 🚀🔥

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