XAUUSD has climbed to 3017, clearly demonstrating the continuous upward trend of the gold price. This upward movement is mainly driven by the surging demand for risk aversion and the strong market expectations of interest rate cuts.
Specifically:
Escalation of Geopolitical Tensions: The additional tariffs imposed by the Trump administration on EU goods have significantly intensified global trade tensions. At the same time, the deterioration of the situation in Yemen has further heightened geopolitical risks. These unstable factors have made investors deeply concerned, prompting them to seek the safe-haven function of gold. Consequently, the demand for gold has soared, driving up its price.
Key Influencing Factors in the Future: The Federal Reserve's interest rate decision meeting from March 18th to 19th will be a core factor influencing the future trend of the gold price. If the meeting sends out dovish signals, further strengthening the market's expectations of interest rate cuts, the gold price is expected to continue its upward trend. Conversely, if the Federal Reserve emphasizes the stickiness of inflation and is cautious about interest rate cuts, the gold price may face some correction pressure.
XAUUSD
🎁 Sell@3020 - 3025
🎁 SL 3030
🎁 TP 3005 - 3000
🎁 Buy@3000 - 3005
🎁 SL 2992
🎁 TP 3015 - 3020
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
If you also aspire to achieve financial freedom，Follow the link below to get my daily strategy updates
Specifically:
Escalation of Geopolitical Tensions: The additional tariffs imposed by the Trump administration on EU goods have significantly intensified global trade tensions. At the same time, the deterioration of the situation in Yemen has further heightened geopolitical risks. These unstable factors have made investors deeply concerned, prompting them to seek the safe-haven function of gold. Consequently, the demand for gold has soared, driving up its price.
Key Influencing Factors in the Future: The Federal Reserve's interest rate decision meeting from March 18th to 19th will be a core factor influencing the future trend of the gold price. If the meeting sends out dovish signals, further strengthening the market's expectations of interest rate cuts, the gold price is expected to continue its upward trend. Conversely, if the Federal Reserve emphasizes the stickiness of inflation and is cautious about interest rate cuts, the gold price may face some correction pressure.
XAUUSD
🎁 Sell@3020 - 3025
🎁 SL 3030
🎁 TP 3005 - 3000
🎁 Buy@3000 - 3005
🎁 SL 2992
🎁 TP 3015 - 3020
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
If you also aspire to achieve financial freedom，Follow the link below to get my daily strategy updates
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XAUUSD has climbed to 3027Trade closed: target reached
XAUUSD has climbed to 3036
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.