XAU / USD trend forecast March 7, 2025
⚠️Gold's three-day rally came to a halt as investors took profits ahead of the highly anticipated US Nonfarm Payrolls report. Additionally, the rise in US Treasury bond yields reduced the appeal of the non-yielding metal. At the time of writing, XAU/USD remains steady at $2,918.
The precious metal held above the $2,900 level but faced resistance due to an earlier surge in the US 10-year Treasury bond yield, which hit a one-week high before retreating to 4.286%.
Market uncertainty persists, fueled by US President Donald Trump's controversial trade policies. Tariffs imposed on both US allies and rivals have led to retaliatory measures from Canada and China. Meanwhile, Mexico received a one-month reprieve from the tariffs, delaying their implementation until April 2, following discussions between Trump and Mexican President Claudia Sheinbaum on addressing fentanyl trafficking and illegal migration.
⚠️With more information about Trump stopping the tax on Mexican cars, the gold market is somewhat scared and waiting for today's NF news.
🚨/// SELL XAU : zone 2940-2943
SL: 2948
TP: 50 - 150 - 300pips (2913)
🚨/// BUY XAU : zone 2859-2862
SL: 2854
TP: 50 - 150 - 300pips (2989)
Safe and profitable trading
⚠️Gold's three-day rally came to a halt as investors took profits ahead of the highly anticipated US Nonfarm Payrolls report. Additionally, the rise in US Treasury bond yields reduced the appeal of the non-yielding metal. At the time of writing, XAU/USD remains steady at $2,918.
The precious metal held above the $2,900 level but faced resistance due to an earlier surge in the US 10-year Treasury bond yield, which hit a one-week high before retreating to 4.286%.
Market uncertainty persists, fueled by US President Donald Trump's controversial trade policies. Tariffs imposed on both US allies and rivals have led to retaliatory measures from Canada and China. Meanwhile, Mexico received a one-month reprieve from the tariffs, delaying their implementation until April 2, following discussions between Trump and Mexican President Claudia Sheinbaum on addressing fentanyl trafficking and illegal migration.
⚠️With more information about Trump stopping the tax on Mexican cars, the gold market is somewhat scared and waiting for today's NF news.
🚨/// SELL XAU : zone 2940-2943
SL: 2948
TP: 50 - 150 - 300pips (2913)
🚨/// BUY XAU : zone 2859-2862
SL: 2854
TP: 50 - 150 - 300pips (2989)
Safe and profitable trading
Trade active
Gold price is growing near 2920 price zone, breaking H1 trend and waiting for NF newsTrade closed: target reached
Gold price scanning liquidity 2900 - 2930, continuing sideway
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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.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
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.