empty
27.03.2025 02:54 PM
Trading Signals for GOLD (XAU/USD) for March 27-29, 2025: sell below $3,057 (double top - 7/8 Murray)

Early in the American session, gold is trading around 3,051 and above the 7/8 Murray level, reaching an all-time high of 3,057.

Gold could attempt to surpass its high reached on March 18. If the price consolidates above the 7/8 Murray level at 3,045 in the next few hours, it could then reach the 8/8 Murray level at 3,125.

Gold is very sensitive, especially to events in the United States, such as the announcement of new tariffs on non-US-made cars. The news raised the price of gold. So, it is likely that after a break above 3,060, gold could continue its rise in the coming days.

According to the H4 chart, we observe that the double top pattern suggests that a technical correction should occur in the next few hours toward the 21 SMA located at 3,023.

After several days of forming a symmetrical triangle pattern, gold has finally broken out higher. We believe the price could face a barrier around 3,057.

If gold fails to break above 3,057, it will be seen as a signal to sell with a target at 3,023. Moreover, we could expect it to reach the 200 EMA around 2,938 in the short term.

Be careful with the 3,045 level. If the price of gold remains above this area in the coming days, the outlook could remain bullish, hence, selling should be avoided.

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

Trading Signals for EUR/USD for June 5-9, 2025: sell below 1.1474 (21 SMA - 6/8 Murray)

The eagle indicator is showing a negative signal for the euro, suggesting a possible fall in the coming days. Therefore, our outlook remains bearish as long as the price consolidates

Dimitrios Zappas 06:38 2025-06-05 UTC+2

Trading Signals for GOLD (XAU/USD) for June 5-9, 2025: sell below $3,387 (21 SMA - 7/8 Murray)

On the other hand, if bullish strength prevails, we could expect a technical rebound around 3,355. This area has provided gold with a good rebounding point in the past

Dimitrios Zappas 06:36 2025-06-05 UTC+2

EUR/USD Forecast for June 5, 2025

After three days of struggle, the euro has broken through the 1.1420 resistance level. Now, the target at 1.1535 is open. A breakthrough above this level would allow the growth

Laurie Bailey 04:55 2025-06-05 UTC+2

GBP/USD Forecast for June 5, 2025

The British pound is climbing with such difficulty that it looks close to abandoning its plan to reach 1.3790 — the upper boundary of the price channel. The daily Marlin

Laurie Bailey 04:55 2025-06-05 UTC+2

Silver Forecast for June 5, 2025

After a strong move on June 2, the price formed a small triangular pattern over the following two days, with yesterday's candlestick closing at the opening level. This

Laurie Bailey 04:55 2025-06-05 UTC+2

GBP/JPY. Analysis and Forecast

The GBP/JPY pair continues to gain positive momentum for the second day in a row. From a technical standpoint, GBP/JPY has once again demonstrated resilience below the 200-day Simple Moving

Irina Yanina 14:05 2025-06-04 UTC+2

Forecast for EUR/USD on June 4, 2025

On Tuesday, the EUR/USD pair rebounded from the 76.4% retracement level at 1.1454, reversed in favor of the U.S. dollar, and began a downward move. Today, the pair consolidated below

Samir Klishi 14:02 2025-06-04 UTC+2

Forex forecast 04/06/2025: EUR/USD, GBP/USD, USD/CAD, Oil 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 12:05 2025-06-04 UTC+2

Forecast for GBP/USD on June 4, 2025

On the hourly chart, the GBP/USD pair showed no interest in movement on Tuesday. Throughout the day, bulls and bears launched weak attacks, none of which led to anything significant

Samir Klishi 10:05 2025-06-04 UTC+2

Technical Analysis of Intraday Price Movement of Silver Commodity Instrument, Wednesday June 04, 2025.

From what we can see on the 4-hour chart of the Silver commodity instrument, the Stochastic Oscillator indicator appears to be in Overbought condition so that in the near future

Arief Makmur 06:22 2025-06-04 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.