empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

07.03.202514:57 Forex Analysis & Reviews: Trading Signals for GOLD (XAU/USD) for March 7-10, 2025: buy above $2,910 (21 SMA - 7/8 Murray)

Exchange Rates 07.03.2025 analysis

Early in the American session, gold is trading around 2,921 with a bullish bias and consolidating above 6/8 Murray at 2,890 since early March.

Markets are awaiting the employment data to be published in the United States in the next few hours. NFP data are commonly accompanied by strong volatility. So, gold could reach the support zone that coincides with the bottom of the bullish trend channel around $2,910.

In case gold finds good support and consolidates above 21 SMA (2,913), it will be seen as an opportunity to buy with the first target at 2,929 (7/8 Murray). The price could even reach 2,953 (historical high) and finally, 8/8 Murray located at 2,968.

On the other hand, if the US data is positive, it could affect the strength of gold. If so, we could expect a sharp drop below 2,910. The metal could reach 6/8 Murray at 2,890 and even the 200 EMA located at 2,860.

Our trading plan for the next few hours is to wait for the data to be released and, based on this, make a decision. In case gold drops below 2,913 (21 SMA), it will be seen as a clear signal to sell.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2025
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.