XAUUSD Technical Analysis | XAUUSD Trading: 2025-03-21 | IFCM South Africa
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XAUUSD Technical Analysis - XAUUSD Trading: 2025-03-21

Gold Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 3021.49

Sell Stop

Above 3044.72

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2685
IndicatorSignal
RSI Neutral
MACD Sell
Donchian Channel Sell
MA(200) Buy
Fractals Neutral
Parabolic SAR Sell

Gold Chart Analysis

Gold Chart Analysis

Gold Technical Analysis

The technical analysis of the XAUUSD price chart in 1-hour timeframe shows the XAUUSD, H1 is retracing lower above the 200-period moving average MA(200) after hitting all-time high yesterday. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 3021.49. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 3044.72. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic signals . Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (3044.72) without reaching the order (3021.49), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Precious Metals - Gold

Gold is retracing lower after renewed advance to new historical highs above $3000. Will the XAUUSD price retreat continue?

Analysts note that gold rally will likely continue as softer global economic data and heightening uncertainty amid escalating tariff wars support rising demand for safe haven assets. In January, net inflows into US gold ETFs amounted to $1.5 billion, whereas the number was just below $8 billion in February, the highest monthly total since March 2022, according to Bloomberg data. The Federal Reserve meeting this week signaled heightened likelihood of persistent inflation as the central bank cut its US economic growth forecast. At the same time, it signaled a shift in policy stance toward less restrictive monetary policy as it signaled a slowing of the pace at which the central bank will shrink the size of its balance sheet while planning still two rate cuts in 2025. Recent selloff in US stocks supports the view of reversal of bullish market sentiment that got a boost from president Trump’s victory in November 2024 elections. Rising uncertainty and expectations of persistent inflation are bullish for gold price. However, the current setup is bearish for XAUUSD.

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Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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