GOLD Bouncing Higher, Following 200-hour SMA Major Support

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Gold prices have experienced significant volatility over the last days, with conflicting reports on the current trend. According to some sources, gold prices have increased, with spot gold reaching nearly $3,050, new all the history high on Thursday, March 20, 2025.

The $3,000 milestone has sparked increased interest from investors and market analysts, meaning that Gold spot doubled in price over the past 5 years, 3rd time in history ever.

Despite the short-term volatility, gold has shown a strong performance since the beginning of 2025, with an increase of approximately 14-15% year-to-date. Market analysts remain bullish on gold, with some forecasting prices to reach $3,100-$3,200 per ounce in the near term.

The main 1-hour Gold spot XAUUSD graph indicates on 200-hours SMA technical support, with further upside opportunity due to mentioned on the chart descending triangle (flat bottom/ descending top) breakthrow.

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Best #GODL wishes,
PandorraResearch Team


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Trade active
UPD #1 Mar25, 2025 UTC 1415.

Target $3030-3035 has been taken.

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Trade closed: target reached
UPD #2 Mar26, 2025 UTC 0800.

Target $3030-3035 has been taken again (after truck reload).
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