On Friday (March 28) in the Asian trading session, the spot 
XAUUSD unexpectedly accelerated and the gold price surpassed the level of 3,077 USD / ounce, up more than 20 USD on the day.
The threat of additional tariffs by US President Trump has affected the USD. Gold still maintains a positive growth momentum and is expected to reach a new record high.
The spotXAUUSD closed up 37.50 USD on Thursday as new auto tariffs announced by President Donald Trump have increased trade tensions around the world and sent stock markets plunging, sending investors fleeing for safe-haven assets.
Gold traders will focus on U.S. PCE inflation data on Friday to gauge the Federal Reserve's rate-cutting path.
Markets will now focus on upcoming U.S. economic data. On Friday, the U.S. will release data on the personal consumption expenditure (PCE) price index for February, the Federal Reserve's preferred inflation gauge.
The U.S. core PCE price index is expected to have risen 2.7% year-on-year in February, up slightly from 2.6% in January.
“A mild PCE inflation reading could reinforce the Fed’s dovish stance and maintain support for gold”
Gold is traditionally seen as a safe haven from economic and political uncertainty and tends to perform well in low-interest-rate environments.
Technical Outlook AnalysisXAUUSD
Continuing to rise, gold reached all the target levels sent to readers in the weekly publication and also broke these levels. With the current position, gold is expected to continue to rise with the next target at the 0.382% Fibonacci extension level.
The RSI is upright moving back to the 80 area, showing surprisingly strong buying momentum without any signs of weakening in the oversold area.
In the short term, the confluence of the upper edge of the price channel with the 0.50% Fibonacci extension will be the most important position to watch, as it acts as an expected resistance for a slight correction when the RSI enters the overbought zone. However, once gold continues to break $3,113, there will be nothing to stop gold from continuing to increase rapidly.
Overall, the overall bullish outlook for gold prices during the day will be focused on the following technical levels.
Support: $3,057 – $3,051
Resistance: $3,086 – $3,100 – $3,113
SELL XAUUSD PRICE 3101 - 3099⚡️
↠↠ Stoploss 3105
→Take Profit 1 3093
↨
→Take Profit 2 3087
BUY XAUUSD PRICE 3004 - 3006⚡️
↠↠ Stoploss 3000
→Take Profit 1 3012
↨
→Take Profit 2 3018
XAUUSD unexpectedly accelerated and the gold price surpassed the level of 3,077 USD / ounce, up more than 20 USD on the day. The threat of additional tariffs by US President Trump has affected the USD. Gold still maintains a positive growth momentum and is expected to reach a new record high.
The spot
XAUUSD closed up 37.50 USD on Thursday as new auto tariffs announced by President Donald Trump have increased trade tensions around the world and sent stock markets plunging, sending investors fleeing for safe-haven assets.Gold traders will focus on U.S. PCE inflation data on Friday to gauge the Federal Reserve's rate-cutting path.
Markets will now focus on upcoming U.S. economic data. On Friday, the U.S. will release data on the personal consumption expenditure (PCE) price index for February, the Federal Reserve's preferred inflation gauge.
The U.S. core PCE price index is expected to have risen 2.7% year-on-year in February, up slightly from 2.6% in January.
“A mild PCE inflation reading could reinforce the Fed’s dovish stance and maintain support for gold”
Gold is traditionally seen as a safe haven from economic and political uncertainty and tends to perform well in low-interest-rate environments.
Technical Outlook Analysis
XAUUSD Continuing to rise, gold reached all the target levels sent to readers in the weekly publication and also broke these levels. With the current position, gold is expected to continue to rise with the next target at the 0.382% Fibonacci extension level.
The RSI is upright moving back to the 80 area, showing surprisingly strong buying momentum without any signs of weakening in the oversold area.
In the short term, the confluence of the upper edge of the price channel with the 0.50% Fibonacci extension will be the most important position to watch, as it acts as an expected resistance for a slight correction when the RSI enters the overbought zone. However, once gold continues to break $3,113, there will be nothing to stop gold from continuing to increase rapidly.
Overall, the overall bullish outlook for gold prices during the day will be focused on the following technical levels.
Support: $3,057 – $3,051
Resistance: $3,086 – $3,100 – $3,113
SELL XAUUSD PRICE 3101 - 3099⚡️
↠↠ Stoploss 3105
→Take Profit 1 3093
↨
→Take Profit 2 3087
BUY XAUUSD PRICE 3004 - 3006⚡️
↠↠ Stoploss 3000
→Take Profit 1 3012
↨
→Take Profit 2 3018
Note
🔴SPDR Gold Trust, the world's largest gold ETF, increased its position by 2.29 tonnes from the previous day, with its current position at 931.94 tonnes.Note
Note
Gold has continued to be a shining investment channel since the beginning of 2025. According to analysts, gold has easily surpassed the $3,000/ounce threshold, even approaching the $3,100/ounce mark. Demand for gold remains very strong from central banks, Chinese consumers, and North American investors - especially from the US, where the potential is still untapped.Note
Gold price exceeds $3,100/oz
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🔰| Forex trading
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.