XAU/USD (Gold) 1H Chart Analysis – March 7, 2025
1. Price Action & Market Structure
Current Price: $2,904.42
Range Bound Movement: The price is oscillating between $2,890 and $2,920, indicating consolidation.
Key Levels:
Resistance: $2,920 - $2,930
Support: $2,900, then $2,880
2. Moving Averages (MAs)
The 50, 100, and 200-period MAs are tightly packed, showing indecision.
Price is hovering near the moving averages, signaling a potential breakout soon.
A breakdown below MAs may trigger a sharper decline.
3. MACD Indicator
The MACD line (blue) is slightly below the signal line (orange), suggesting weak bearish momentum.
The histogram is near zero, confirming low volatility and lack of strong trend direction.
4. Trade Recommendation (Sell Bias)
Sell Below $2,900: If price breaks and closes below, expect a test of $2,880 - $2,860.
Stop Loss: Above $2,920 (previous resistance zone).
Take Profit:
First TP: $2,880
Second TP: $2,860
Alternative Buy Setup
If price closes above $2,920, it could push towards $2,940 - $2,960.
🚨 Key Watch: Break of $2,900 (bearish) or $2,920 (bullish)
1. Price Action & Market Structure
Current Price: $2,904.42
Range Bound Movement: The price is oscillating between $2,890 and $2,920, indicating consolidation.
Key Levels:
Resistance: $2,920 - $2,930
Support: $2,900, then $2,880
2. Moving Averages (MAs)
The 50, 100, and 200-period MAs are tightly packed, showing indecision.
Price is hovering near the moving averages, signaling a potential breakout soon.
A breakdown below MAs may trigger a sharper decline.
3. MACD Indicator
The MACD line (blue) is slightly below the signal line (orange), suggesting weak bearish momentum.
The histogram is near zero, confirming low volatility and lack of strong trend direction.
4. Trade Recommendation (Sell Bias)
Sell Below $2,900: If price breaks and closes below, expect a test of $2,880 - $2,860.
Stop Loss: Above $2,920 (previous resistance zone).
Take Profit:
First TP: $2,880
Second TP: $2,860
Alternative Buy Setup
If price closes above $2,920, it could push towards $2,940 - $2,960.
🚨 Key Watch: Break of $2,900 (bearish) or $2,920 (bullish)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.