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
Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
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

EUR/USD Forecast for July 29, 2025

After yesterday's drop of more than 160 pips due to a highly unfavorable trade deal between the EU and the U.S., the euro's chances of rising toward the upper boundary

Laurie Bailey 05:02 2025-07-29 UTC+2

GBP/USD Forecast for July 29, 2025

By the end of yesterday, the British pound declined by 82 pips, breaking through the target support at 1.3369. Today's session opened below this level, and a daily close beneath

Laurie Bailey 05:02 2025-07-29 UTC+2

USD/JPY Forecast for July 29, 2025

The USD/JPY pair continues its upward movement toward the target level of 149.38, which is signaled by the unclosed gap from July 21. If the price breaks through this resistance

Laurie Bailey 05:02 2025-07-29 UTC+2

GBP/USD. Technical Analysis for the Week of July 28 – August 2

Last week, the pair moved upward and tested the historical resistance level at 1.3591 (blue dashed line), then reversed and closed the weekly candle at 1.3435. In the upcoming week

Stefan Doll 19:16 2025-07-28 UTC+2

EUR/USD. Technical Analysis for the Week of July 28 – August 2

Last week, the pair moved upward and tested the upper fractal at 1.1790 (weekly candle from July 6, 2025), after which the price turned downward, closing the weekly candle

Stefan Doll 19:12 2025-07-28 UTC+2

Forex forecast 28/07/2025: EUR/USD, USD/JPY, GBP/USD, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 11:32 2025-07-28 UTC+2

EUR/USD. Analysis and Forecast

At the start of the new week during the Asian session, the EUR/USD pair attempted to remain positive, but during the European session, prices fell below the 1.1750 level amid

Irina Yanina 11:13 2025-07-28 UTC+2

EUR/USD – July 28th: The EU and U.S. Reach an Agreement

On Friday, the EUR/USD pair returned to the 127.2% retracement level at 1.1712 and rebounded from it. This suggests that the upward movement may continue toward the next level

Samir Klishi 10:58 2025-07-28 UTC+2

GBP/USD – July 28th: The U.S. and China Reach an Agreement as Well

On the hourly chart, the GBP/USD pair continued its decline on Friday toward the 1.3425 level after closing below the 76.4% retracement level at 1.3470. Today, a firm move below

Samir Klishi 10:40 2025-07-28 UTC+2

With today's Golden Cross on USD/CAD, the Loonie has the potential to strengthen and rise to its nearest resistance level on Monday, July 28, 2025.

USD/CAD – Monday, July 28, 2025 Although the RSI (14) is at a neutral-bearish level, the Golden Cross condition between the 50-EMA and 200-EMA indicates a bullish bias, so USD/CAD

Arief Makmur 08:07 2025-07-28 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.