Gold Market Outlook 19 March 2025

Gold Market Outlook 19 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 (XAUUSD) have experienced significant upward momentum over the past week, reaching an all-time high and currently trading around $…. This reflects a robust bullish trend, driven by gold’s status as a safe-haven asset amid escalating geopolitical tensions, such as the Israel-Gaza conflict, and global economic uncertainties, including trade war concerns stemming from Trump’s aggressive tariff policies and heightened U.S. economic instability. Additionally, expectations of Federal Reserve rate cuts have weakened the U.S. dollar, further boosting gold’s appeal. Today, prices slightly retreated after hitting a new high of $… during the Asian session but remain in a high-level consolidation phase. Bearish pressures include technical indicators signaling a mildly overbought condition and potential profit-taking, which could cap short-term gains. However, the bullish macro factors dominate, and market sentiment remains cautiously optimistic. Traders are awaiting the Fed’s policy decision later today, expecting the federal funds rate to stay at 4.25%-4.50%, with focus on updated economic projections and Chair Powell’s remarks for clues on future rate paths. 

From a technical prospective, gold (XAUUSD) is consolidating near its historical peak of … dollars, with the latest close at … dollars showing strong bullish momentum and immediate resistance at this all-time high, a key psychological level. The price remains above the 10-day SMA at … dollars, confirming the uptrend. The RSI_9 at 78.48 indicates potential overbought conditions, hinting at a pullback risk. Key support lies at … dollars, marked by the 23.6% Fibonacci retracement. A deeper correction could test … dollars, aligned with the 38.2% retracement. Should gold break above … dollars, the next resistance is at … dollars, another psychological level. Traders should watch these levels closely, especially with the Fed’s decision looming, which could spark volatility. 

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

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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

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