This website uses cookies
We use cookies to target and personalize content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them and that they've collected from your use of their services. You consent to our cookies if you continue to use this website. Learn more
Allow Disallow
Sign InOpen an account
  2. Market analysis
  3. Commodities
  4. Gold (XAUUSD) is in a consolidation phase but a new rise may be around the corner

Gold (XAUUSD) is in a consolidation phase but a new rise may be around the corner

Recent posts
    10.03.2025

    Gold (XAUUSD) has stabilised around 2,910 USD. Demand for safe-haven assets will be an argument in favour of price growth. Find more details in our analysis for 10 March 2025.

    XAUUSD forecast: key trading points

    • Gold (XAUUSD) prices have risen and remain poised for further growth
    • Demand for safe-haven assets and high economic risks due to Trump’s policies support Gold (XAUUSD)
    • XAUUSD forecast for 10 March 2025: 2,930 and 2,956

    Fundamental analysis

    Gold (XAUUSD) prices are neutral around 2,910 USD at the beginning of the week.

    The US dollar is in a weak position today, while demand for safe-haven assets is rather strong due to growing market concerns about Donald Trump’s tariff war. Although he suspended 25% tariffs on most goods from Canada and Mexico, Canadian retaliatory measures remain in place, with China’s countermeasures taking effect today.

    Investors are additionally concerned about Trump’s statements in an interview with Fox News on Sunday. He evaded a question of whether the US economy is facing the threat of recession or rising inflation.

    Meanwhile, Federal Reserve Chairman Jerome Powell said on Friday that Fed officials are in no rush to lower interest rates amid growing uncertainty about the US economic outlook. Investors now focus on the US inflation report due this week, which will provide better insight into the Federal Reserve’s future policy.

    The Gold (XAUUSD) forecast is favourable.

    XAUUSD technical analysis

    On the Gold (XAUUSD) H4 chart, the nearest upside target is still at 2,930, with the next one at 2,956.

    XAUUSD technical analysis
    Risk Warning: the result of previous trading operations do not guarantee the same results in the future

    Summary

    Gold (XAUUSD) starts the week with consolidation, but the outlook remains favourable. Further growth is supported by strong demand for Gold as a safe-haven asset. The Gold (XAUUSD) forecast for today, 10 March 2025, expects the upward wave to extend, with the first target at 2,930.

    Back
    Attention!

    Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.