Gold Market Outlook 17 March 2025

Gold Market Outlook 17 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 are currently navigating a turbulent environment shaped by a mix of geopolitical developments and monetary policy expectations. After climbing to a record high of $… last Friday, XAUUSD has eased back to hover around $2,990 as the new week begins. The market is gripped by anticipation ahead of several high-stakes events, including the German Bundestag's vote on a €1 trillion defense spending initiative and a critical meeting between US President Trump and Russian President Putin aimed at brokering a peace deal for Ukraine. These unfolding situations are heightening uncertainty, reinforcing gold's allure as a safe-haven investment. Meanwhile, the US Federal Reserve's FOMC meeting scheduled for Tuesday and Wednesday looms large, with traders expecting interest rates to remain steady but parsing every word of the accompanying statement and Chair Powell's remarks for hints about future policy shifts. Recent US economic indicators, such as tepid retail sales figures, have fueled speculation of a dovish tilt from the Fed, offering additional support to gold's price resilience in the face of these uncertainties. 

Turning to the technical perspective, XAUUSD appears to be continueously in a up trending after passing the psychologically significant $… threshold following its recent upward sprint. The 10-day and 20-day Simple Moving Averages, positioned at $… and $… respectively, are trending higher, which underscores the prevailing bullish sentiment in the market. However, caution is warranted as the Relative Strength Index sits at 69.71, flirting with overbought conditions that could foreshadow a brief retreat or sideways movement. The MACD indicator, while still in positive territory, shows a subtle narrowing of its histogram, hinting at a slight cooling in bullish momentum. Resistance is firmly established at the recent high of $…, and a sustained push beyond this point could propel prices toward $… or higher. Conversely, support is evident at $…, with more robust backing near $…and $…, where the moving averages converge to form a potential buffer. The Average True Range, registering at 41.52, points to elevated volatility, urging traders to brace for possible sharp swings as the market reacts to this week's developments. 

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?

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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.

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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

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