Gold Spot / U.S. Dollar
Short
Updated

Gold next move (weekly forecast)(24th Mar - 28th Mar-2025)

18 279
Go through the analysis carefully, and do trade accordingly.

Anup 'BIAS for the week (24th Mar - 28th Mar-2025)

Current price- 3028

immediate support= 3015-18
immediate resistance= 3035-38

1st scenario

"if Price stays below 3042, then next target is 3018, 3005, 2992 and 2978"

2nd scenario
if price breaks the resistance level and closed above 2942, then the next target will be 3052, 3065, 3087.




Best of luck
Never risk more than 1% of principal to follow any position.
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Note
2nd scenario 2942 may be read as 3042
Note
GOLS SELL IS RUNNING +220 PIPS IN PROFIT
snapshot
Trade active
As advised,
Gold rejected from 3034 level as I mentioned,
it gave us a big move
sell position gave us +320 PIPS PROFIT (3034-3002)
snapshot
Note
After giving us 320 PIPS IN SELL.
GOLD HELD THE SUPPORT AS I MARKED IN THE CHART
Note
Today gold broken 3042,
Hence, Scenario 2 activated by Gold,
Hence a buy position activates
Trade closed: target reached
gold broken 3042, Hence Buy activates@3042
Further, Gold did not fall below below 3002 and taken support there as the next move was suggesting bullish.
those who took entry there, their sell position is running +880 PIPS IN PROFIT.
THOSE WHO TOOK ENTRY AFTER BREAKING 3042 THAT WAS THE 2ND SCENARIO
their buy position is running +440 PIPS IN PROFIT
snapshot

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