Technical analysis by a_ about Symbol XAUT on 3/16/2025

Last week, Gold raised a historic ceiling at over $ 3,000, and according to the fundamental principles and expectations of world market analysts, we should expect more to grow from ounces of gold. If we cross the $ 3,000 range, expected to grow up to $ 3030 and defeat $ 2980, $ 2950, ​​and $ 2950. Central banks have been one of the most important reasons for the rise in gold prices. Also, concerns about the decline in global economic growth and the fluctuations of stock markets have made gold still an attractive option to maintain capital value. According to technical, price stabilization of over $ 3,000 can indicate an upward trend, but if sales pressure, support of $ 2980 and $ 2950 can play an important role in maintaining an upward trend. The US economic indicators and the Federal Reserve's monetary policy also had a significant impact on gold fluctuations this week. If economic data is weaker than expected, there is a possibility of a depreciation of the dollar and as a result of further rising gold prices. Classes should pay special attention to the $ 3,000 area, as high stabilization of this level can pave the way for higher goals, while failure to under $ 2980 may lead to short -term correction.