XAU/USD quotes continue to move within the development of the fall and the descending channel. At the time of publication of the forecast, the price of Gold for today is 3052 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a fall in gold and a test of the support level near the 3025 area. From where we should expect an upward rebound and continued growth in the price of Gold with a potential target above the level of 3095.
GOLD Forecast and Analysis for March 28, 2025
An additional signal in favor of the rise in XAU/USD quotes will be a test of the bullish trend line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the lower border of the ascending channel. The cancellation of the Gold price growth scenario on March 28, 2025 will be a price drop and a breakout of the 3005 level. This will indicate a breakout of the support area and a continuation of the asset price fall to the area below the 2965 level. It is worth expecting an acceleration of the XAU/USD quotes fall with a breakout of the support area and a price close below the 3065 level.
GOLD Forecast and Analysis for March 28, 2025 suggests an attempt to develop a bullish price correction and test the resistance area near the 3025 level. Further, a continuation of the fall in non-ferrous metal quotes with a target below the 2965 level. The cancellation of the Gold price decline scenario will be a strong increase in the asset value on the markets and a breakout of the 3040 level. This will indicate a continuation of the rise in Gold prices with a potential target above the 3075 mark.
