empty
06.03.2025 02:54 PM
Trading Signals for GOLD (XAU/USD) for March 6-8, 2025: sell below $2,920 (21 SMA - 6/8 Murray)

This image is no longer relevant

Early in the American session, gold traded around 2,904, bouncing back after having reached Murray 6/8 around 2,889 during the European session.

Gold could continue its rise in the next few hours and reach the top of the bearish trend channel forming since February 14 around 2,920.

On the other hand, in case gold falls below 2,903, it is expected to continue its bearish sequence and could reach 2,851 where the 200 EMA is located. The metal could eventually reach even the bottom of the bearish trend channel around 2,820.

The outlook remains positive only in case there is a consolidation above 2,925. Gold is expected to return to 2,953 and even surpass its high. Finally, the price could reach 8/8 Murray located at 2,968.

If gold consolidates below the 21 SMA, the outlook may remain negative for the next few days. Hence, we will look for opportunities to continue selling with a target at 4/8 Murray.

The eagle indicator is approaching oversold zones. So, any pullback in gold will be seen as a signal to buy. Meanwhile, above 6/8 Murray and above 5/8 Murray, any technical correction will be seen as an opportunity to buy.

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

Forecast for EUR/USD on June 10, 2025

On Monday, the EUR/USD pair traded sideways between the levels of 1.1380 and 1.1454, forming a range. Therefore, a rebound from the support zone of 1.1374–1.1380 would favor the euro

Samir Klishi 10:33 2025-06-10 UTC+2

GBP/USD. June 10th. Unemployment Rises in the UK

On the hourly chart, the GBP/USD pair on Monday made two rebounds from the 161.8% corrective level at 1.3520 but failed to start an upward movement. Today, on Tuesday

Samir Klishi 10:21 2025-06-10 UTC+2

Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Tuesday June 10 2025.

With the appearance of the Ascending Broadening Wedge pattern followed by the appearance of the Bearish 123 pattern, it gives an indication that in the near future EUR/USD

Arief Makmur 05:59 2025-06-10 UTC+2

Technical Analysis of Intraday Price Movement of GBP/JPY Cross Currency Pairs, Tuesday June 10, 2025.

On the 4-hour chart of the GBP/JPY cross currency pair, there are several interesting things can be seen. First, the price movement is moving above the WMA (21) which

Arief Makmur 05:59 2025-06-10 UTC+2

Forecast for EUR/USD on June 10, 2025

Monday passed calmly in the markets, and the main takeaway was the restoration of risk-related correlations. The euro bounced back from the daily MACD line support for the second consecutive

Laurie Bailey 04:52 2025-06-10 UTC+2

Forecast for GBP/USD on June 10, 2025

On Monday, the British pound closed with a small gain. This pattern has become common over the past week—growth marked by small white candles, while declines occur through extended black

Laurie Bailey 04:48 2025-06-10 UTC+2

AUD/USD Forecast for June 10, 2025

The Australian dollar has shown moderate growth of more than a figure over the past 10 days, but the Marlin oscillator's reluctance to follow this upward move is causing concern

Laurie Bailey 04:46 2025-06-10 UTC+2

Trading Signals for GOLD (XAU/USD) for June 9-12, 2025: sell below $3,350 (21 SMA - 7/8 Murray)

Early in the American session, gold is trading around 3,317, rebounding after reaching a low of 3,294 during the European session. On the H4 chart, gold could continue to rise

Dimitrios Zappas 15:23 2025-06-09 UTC+2

Trading Signals for EUR/USD for June 9-12, 2025: sell below 1.1415 (21 SMA - 6/8 Murray)

We believe the euro could continue to fall as a bearish continuation pattern is forming, but we should expect it to fall below 1.1400, which could then reach the bottom

Dimitrios Zappas 15:20 2025-06-09 UTC+2

EUR/USD. Analysis and Forecast

Today, the EUR/USD pair is attracting buyers, recovering part of Friday's losses amid a weaker U.S. dollar. From a technical perspective, the EUR/USD pair is currently showing resilience below

Irina Yanina 13:57 2025-06-09 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.