TradePlus-Fx

⭐️GOLD: forecast for Mar 21-Mar 25

Long
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OANDA:XAUUSD   Gold Spot / U.S. Dollar
➡️ The metal is beginning to take on a bearish character, but the close of the week above the 1920$ level makes it highly doubtful. Most likely, however, in the short term, the instrument will maintain a bullish mood. The situation in Eastern Europe continues to be critical, despite some minimal positive progress in the negotiations.

The price area 1878.080$ - 1917.520$ is a support, and only after the price closes below this level, one should look in the direction of sales. Especially early in the coming week, the real target for buyers is the 1981$ resistance level. The price could very well reach the 2060$ level again. The last scenario will be implemented, especially if the Republic of Belarus nevertheless enters the war against Ukraine on the side of the Russian Federation.

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