Gold Market Outlook 21 March 2025

Gold Market Outlook 21 March 2025

Gold bars on a red background with a bar graph, representing the AI trading market and the gold trading news.

Article by: ETO Markets

Gold prices retreated from their recent all-time peak during the Asian session as fresh sellers and profit-taking actions amid a historic run weighed on sentiment, while the US Dollar strengthened for a third straight day and neared its weekly high, exerting further pressure on the commodity. Meanwhile, expectations that the Federal Reserve might resume its rate-cutting cycle—anticipating two 25 basis points cuts by year’s end amid a downgraded growth outlook and concerns over aggressive trade policies—could help stabilize the gold price despite the strengthening dollar. Adding to market volatility, geopolitical tensions remain high as threats of reciprocal tariffs by US President Trump loom, conflicts in the Middle East intensify with Israel resuming heavy strikes on Gaza, and ongoing escalations in the Russia-Ukraine conflict continue to underscore global economic uncertainty, ultimately reinforcing gold’s status as a safe-haven asset.

From a technical perspective, the recent two-day corrective slide appears to be largely driven by profit-taking amid overbought conditions on the daily chart, without sufficient follow-through selling to confirm a near-term top. This suggests that a dip below the $…-… area might offer a buying opportunity, with the $… psychological mark acting as a temporary floor. Should this level hold, any break below it could trigger technical selling, potentially pushing the price first to the $…-… intermediate support, then further down towards the $… area, and possibly extending the decline to the $… support before reaching the $… mark and testing last week’s swing low around $…. Conversely, the $…-… zone, representing the recent all-time peak, remains a significant hurdle, and sustained strength beyond this level would likely prompt bullish traders to extend the well-established three-month uptrend.

Want completely chart technical analysis
and trade recommendations on XAUUSD?

Want completely chart technical analysis
and trade recommendations on XAUUSD?

Want completely chart technical analysis
and trade recommendations on XAUUSD?

Disclaimer

ETO Markets Limited is registered in Seychelles with Company Number 850672-1 and authorised by the Financial Services Authority (FSA), Licence Number SD062; ETO Markets LLC is registered in Saint Vincent and the Grenadines with Company Number 3286LLC2023.


The information provided on this website is general in nature only and does not constitute personal financial advice. Please note that investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You don’t own, or have, any interest in the underlying assets. Any information or general financial product advice given is generic in nature and does not take into account your financial situation, needs or personal objectives. Past performance is not a reliable indicator of future performance. Investing in leveraged products carries significant risks. We recommend that you seek independent advice and ensure that you fully understand the risks involved before trading. It is important that you read and consider our disclosure documents
(Privacy Policy & Risk Disclosure) before you acquire any product.

2024 ETO Markets | All rights reserved

c

Disclaimer

ETO Markets Limited is registered in Seychelles with Company Number 850672-1 and authorised by the Financial Services Authority (FSA), Licence Number SD062; ETO Markets LLC is registered in Saint Vincent and the Grenadines with Company Number 3286LLC2023.


The information provided on this website is general in nature only and does not constitute personal financial advice. Please note that investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You don’t own, or have, any interest in the underlying assets. Any information or general financial product advice given is generic in nature and does not take into account your financial situation, needs or personal objectives. Past performance is not a reliable indicator of future performance. Investing in leveraged products carries significant risks. We recommend that you seek independent advice and ensure that you fully understand the risks involved before trading. It is important that you read and consider our disclosure documents
(Privacy Policy & Risk Disclosure) before you acquire any product.

2024 ETO Markets | All rights reserved

c

Disclaimer

ETO Markets Limited is registered in Seychelles with Company Number 850672-1 and authorised by the Financial Services Authority (FSA), Licence Number SD062; ETO Markets LLC is registered in Saint Vincent and the Grenadines with Company Number 3286LLC2023.


The information provided on this website is general in nature only and does not constitute personal financial advice. Please note that investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You don’t own, or have, any interest in the underlying assets. Any information or general financial product advice given is generic in nature and does not take into account your financial situation, needs or personal objectives. Past performance is not a reliable indicator of future performance. Investing in leveraged products carries significant risks. We recommend that you seek independent advice and ensure that you fully understand the risks involved before trading. It is important that you read and consider our disclosure documents
(Privacy Policy & Risk Disclosure) before you acquire any product.

2024 ETO Markets | All rights reserved

c