Gold Spot / U.S. Dollar
Long
Updated

GOLD WEEKLY CHART MID/LONG RANGE ROUTE MAP UPDATED

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Weekly GOLD Analysis: 3RD MARCH 2025

Hello Everyone,

Since October 2023, our gold price analyses have been consistently accurate. In the past week, gold reached our initial target of $2,877 and achieved a new all-time high (ATH) of $2,956, before retracing to the Gold Turn Level at $2,875. We previously noted that a bullish trend would be confirmed if the 5-period Exponential Moving Average (EMA5) crosses and holds above $2,877.95; otherwise, a reversal toward the Gold Turn levels was anticipated.

* We also stated The key level at $2,735 remains a critical zone. Active Gold Turn levels at $2,875 and $2,735 suggest that the price may revisit these areas before advancing to TP1 and beyond again.

* We also stated Fair Value Gap (FVG) provided strong support at $2,850, with the EMA5 approaching the first take-profit (TP1) level at $2,877, leading to a bullish surge that touched the all-time high. However, the EMA5 has yet to cross and stabilize above $2,877.

This worked to be perfectly as anticipated.

- This situation persists, with the EMA5 still not locked above $2,877, which is necessary for further bullish confirmation. If the EMA5 fails to cross and hold above this level, the price may reverse to test the KEY level at 2735 before potentially bouncing back upward.

Recommendations & Strategy:

* Focus on EMA5: Watch its behavior around 2877 for key signals on short- and long-term trades.

* Support Levels: GoldTurn levels at 2735 is vital for identifying reversal points and prime dip-buying opportunities.


Our ongoing analysis will continue to focus on these technical indicators to navigate the current market conditions effectively.

For precise entry and exit points, check our daily, 12H, 4H, and 1H analyses for clearer market guidance.

We’ll continue to provide daily updates, insights, and strategies on our TradingView and YouTube channels every Sunday. Don’t forget to like, comment, and share to support our work and help others benefit!

The Quantum Trading Mastery
Trade active
EMA5 ABOVE 2875, it means its achieving TP1 soon.

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