GOLD ends the trading week with aggressive growth near the 3033 area. XAU/USD quotes continue to move within the rise and bullish channel. Moving averages indicate an upward trend for Gold. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of price growth. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support level near the 2935 area. Further, a rebound in prices upwards and continuation of XAUUSD growth in the current trading week with a potential target above the 3145 level.
GOLD Weekly Forecast March 24 — 28, 2025
An additional signal in favor of growth in quotes and prices for Gold in the current trading week of March 24 — 28, 2025 will be a rebound from the trend line on the relative strength indicator (RSI). The second signal will be a rebound from the lower border of the bullish channel. The option of increasing XAU/USD quotes will be cancelled by a price drop and a breakout of the 2875 area. This will indicate a breakout of the lower boundary of the bullish channel and a continuation of the fall in Gold prices with a target below the 2725 level. The growth of the asset value will be confirmed by a breakout of the resistance area and closing of quotes above the 3045 level.
GOLD Weekly Forecast March 24 — 28, 2025 suggests an attempt to develop a bearish correction and test the support level near the 2935 area. Then, the continuation of the growth of Gold prices with a target above the 3145 level. A test of the trend line on the relative strength indicator will be in favor of increasing quotes. The option of increasing Gold will be cancelled by a fall and a breakout of the 2875 level. This will indicate a continuation of the decline in quotes to the area below the 2725 level.
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