empty
06.03.2025 02:54 PM
Trading Signals for GOLD (XAU/USD) for March 6-8, 2025: sell below $2,920 (21 SMA - 6/8 Murray)

This image is no longer relevant

Early in the American session, gold traded around 2,904, bouncing back after having reached Murray 6/8 around 2,889 during the European session.

Gold could continue its rise in the next few hours and reach the top of the bearish trend channel forming since February 14 around 2,920.

On the other hand, in case gold falls below 2,903, it is expected to continue its bearish sequence and could reach 2,851 where the 200 EMA is located. The metal could eventually reach even the bottom of the bearish trend channel around 2,820.

The outlook remains positive only in case there is a consolidation above 2,925. Gold is expected to return to 2,953 and even surpass its high. Finally, the price could reach 8/8 Murray located at 2,968.

If gold consolidates below the 21 SMA, the outlook may remain negative for the next few days. Hence, we will look for opportunities to continue selling with a target at 4/8 Murray.

The eagle indicator is approaching oversold zones. So, any pullback in gold will be seen as a signal to buy. Meanwhile, above 6/8 Murray and above 5/8 Murray, any technical correction will be seen as an opportunity to buy.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

XAU/USD. Analysis and Forecast

Gold is currently holding on to its intraday losses. Overall positive sentiment in the stock markets is undermining demand for bullion. However, a combination of factors is preventing bears from

Irina Yanina 12:18 2025-06-16 UTC+2

Forecast for EUR/USD on June 16, 2025

On Friday, the EUR/USD pair reversed in favor of the U.S. dollar and consolidated below the 100.0% Fibonacci correction level at 1.1574. This did not happen without reason, which

Samir Klishi 12:02 2025-06-16 UTC+2

Forex forecast 16/06/2025: EUR/USD, GBP/USD, USD/JPY, Oil, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:30 2025-06-16 UTC+2

GBP/USD – June 16th: Bulls Hold the 1.3527 Level

On the hourly chart, the GBP/USD pair on Friday rebounded twice from the 127.2% Fibonacci retracement level at 1.3527 and rose toward the resistance zone of 1.3611–1.3633. However, prior

Samir Klishi 10:27 2025-06-16 UTC+2

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday June 16, 2025.

With the appearance of the Bullish 123 pattern in the midst of the weakening conditions of this exotic currency pair, that has been confirmed by the movement of the USD/IDR

Arief Makmur 07:16 2025-06-16 UTC+2

Technical Analysis of Intraday Price Movement of Crude Oil Commodity Instrument, Monday June 16, 2025.

On the 4-hour chart of the Crude Oil commodity instrument, there is an appearance of Divergence between the #CL price movement and the Stochastic Oscillator indicator, indicating that

Arief Makmur 07:16 2025-06-16 UTC+2

Trading Signals for EUR/USD for June 13-19, 2025: buy above 1.1500 (21 SMA - 7/8 Murray)

Under the opposite scenario, if the euro falls below 1.1490, it is likely to reach the 200 EMA, which is located at 1.1340 and coincides with the bottom

Dimitrios Zappas 14:14 2025-06-13 UTC+2

Trading Signals for GOLD for June 13-19, 2025: sell below 3,343 (21 SMA - 8/8 Murray)

Gold has left a gap at 3,282 and another around 3,181. So, if the price falls below the psychological level of 3,300, we could expect it to fall to cover

Dimitrios Zappas 14:12 2025-06-13 UTC+2

Forecast for EUR/USD on June 13, 2025

On Thursday, the EUR/USD pair continued its upward movement and consolidated above the 100.0% Fibonacci retracement level at 1.1574. However, during the night, a sharp reversal occurred in favor

Samir Klishi 11:52 2025-06-13 UTC+2

Forecast for GBP/USD on June 13, 2025

On the hourly chart, the GBP/USD pair on Thursday rebounded from the 1.3520 level, surged to the resistance zone of 1.3611–1.3620, bounced off it twice, and then fell back

Samir Klishi 11:49 2025-06-13 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.