GOLD ends the trading week with aggressive growth near the 3079 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 3025 area. Further, an upward price rebound and continued growth of XAUUSD in the current trading week with a potential target above the 3235 level.
GOLD Weekly Forecast March 31 — April 4, 2025
An additional signal in favor of growth in quotes and prices for Gold in the current trading week of March 31 — April 4, 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 cancellation of the XAU/USD quotes growth option will be a price drop and a breakout of the 2935 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 2815 level. The growth of the asset value will be confirmed by a breakout of the resistance area and closing of quotes above the 3105 level.
GOLD Weekly Forecast March 31 — April 4, 2025 suggests an attempt to develop a bearish correction and test the support level near the 3025 area. Then, the continuation of the growth of Gold prices with a target above the 3235 level. A test of the trend line on the relative strength indicator will be in favor of the rise in quotes. The cancellation of the Gold growth option will be a fall and a breakout of the 2935 level. This will indicate a continuation of the decline in quotes to the area below the 2815 level.
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