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

18.03.202518:08 Forex Analysis & Reviews: Trading Signals for GOLD (XAU/USD) for March 18-20, 2025: sell below $3,037 (+2/8 Murray + W_R1)

Exchange Rates 18.03.2025 analysis

Early in the American session, gold was trading at 3,029.38, above the +1/8 Murray level, reaching overbought levels and above the psychological level of $3,000.

Market fears are driving the price of the precious metal. We believe that once these events occur, gold will suffer a strong technical correction.

Technically, gold is overbought. However, it could continue to rise in the coming days, reaching the +2/8 Murray level at 3,046.88.

The H4 chart shows gold facing strong weekly resistance around 3,037, which could serve as a barrier as it is technically showing overbought signs.

Gold could suffer a strong technical correction below +2/8 Murray due to the extreme overbought levels observed. Hence, the metal could reach the support level of 3,007 and even reach the 21-SMA around 2,989.

Since gold is a safe haven asset in the face of risk aversion, investors are trying to buy this instrument. We believe it could continue to rise in the coming hours. So, we could continue buying above 3,020.

We also expect a strong technical correction, as XAU could fall toward the support level of 2,980 and even reach the Murray 8/8 at 2,968.

*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.