XAU USD

Gold prices have been in a near-parabolic like trend and bulls haven’t yet shown any sign of letting up.

The last two trading sessions in XAU/USD have confirmed a bullish bias, with gains exceeding 2% above the $3,000 per troy ounce level. This movement has strengthened the short-term bullish outlook for the safe-haven asset.

After easing slightly at the end of last week, gold has struggled to find renewed bullish momentum so far this week. So far, this hasn't raised any alarm bells over the gold outlook, which remains positive. But there are a few factors worth considering which could undermine the rally.

The USD is continuing a bounce and stocks are pushing higher to further moves that started to spark last week.

After easing a little at the end of last week, gold prices bounced back in the first half of Monday’s session as the US dollar weakened against a basket of foreign currencies.

Gold is up almost 15% so far in Q1 and given the rally from last year that highlights a massive move from the $2k support that was in-play last February.

Although the bullish bias in XAU/USD movements has remained strong, the price closed the week pulling back toward the $3,000 per troy ounce support zone, posting a short-term decline of just over 1%.

The USD has been smashed so far in March and tomorrow’s FOMC rate decision will bring a set of highly important forecasts. Can an oversold dollar start to show tendency of a turn?

After reaching a new all-time high in the $2,954 per troy ounce area, gold has entered a phase of constant neutrality, with movements in the last three sessions remaining below 1%.

XAU continues to find support from multiple sources, and this is discouraging investors from banking profit or traders shorting the metal just yet.

The $3000 handle in gold may act as a magnet if current resistance at $2950 is broken.

The U.S. Dollar is looking more and more like a top may be in-place. The tariff topic continues to drive but price action has been on a pattern of lower-lows and highs for more than a month now.

The key question is whether the metal will extend its retreat from overstretched levels or push towards the psychological $3,000 mark first. We will need to see some downside follow through before turning tactically bearish on the short-term gold outlook.

Gold is trading near the record high with XAU/USD poised for a breakout as President Trump announces reciprocal tariffs. Battle lines drawn on the short-term charts.

With retail investors piling in and geopolitical dynamics shifting, gold's bull run might be facing a twist. Could the tides be turning? The price action on Tuesday provides a warning.

After reaching a new all-time high around $2,950 per troy ounce, gold is now experiencing a significant downward correction, dropping more than 1.5% in the last few trading hours.

Key events this week, including US CPI data, Federal Reserve Chair Jerome Powell’s testimony, and corporate earnings, could inject further volatility into the markets and impact the gold forecast.