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Gold Price Analysis – March 28, 2025
-New All-Time High: Gold hit $3,082 and is trading in a tight range near this level.
-Resistance Zone ($3,080–$3,090): A key barrier where a 25%–50% correction to $3,062–$3,050 could occur if selling emerges.
-Support and Upside ($3,050–$3,060): If this zone holds as support, buying could drive gold to the next resistance at $3,125–$3,135.
-Bullish Factors:
-Tariffs: Potential trade disruptions under Trump boost gold’s safe-haven appeal.
-Lower Interest Rates: Trump’s call for reduced U.S. rates lowers the cost of holding gold and may weaken the dollar.
-Outlook: Watch resistance at $3,080–$3,090 for a potential pullback, with $3,050–$3,060 as a critical support for further upside.
#Gold hit $3,038 in late Sydney session, now at $3,030.
-#Trump’s #auto#tariffs sparked a bounce from $3,010 support.
-Today’s #USD data: GDP q/q 2.3% (stable), #Unemployment Claims 225K (up from 223K).
-Key resistance: $3,040–$3,047; rejection + break below $3,010 could trigger sell-off to $2,964–$2,938.
-Break above ATH $3,057 may ignite rally to $3,091, fueled by tariff threats.
-Stable #GDP tempers safe-haven demand; tariffs add inflation risk, boosting Gold’s appeal.
-Watch $3,010 (support) and $3,057 (ATH) for the next move.