empty
27.03.2025 02:54 PM
Trading Signals for GOLD (XAU/USD) for March 27-29, 2025: sell below $3,057 (double top - 7/8 Murray)

Early in the American session, gold is trading around 3,051 and above the 7/8 Murray level, reaching an all-time high of 3,057.

Gold could attempt to surpass its high reached on March 18. If the price consolidates above the 7/8 Murray level at 3,045 in the next few hours, it could then reach the 8/8 Murray level at 3,125.

Gold is very sensitive, especially to events in the United States, such as the announcement of new tariffs on non-US-made cars. The news raised the price of gold. So, it is likely that after a break above 3,060, gold could continue its rise in the coming days.

According to the H4 chart, we observe that the double top pattern suggests that a technical correction should occur in the next few hours toward the 21 SMA located at 3,023.

After several days of forming a symmetrical triangle pattern, gold has finally broken out higher. We believe the price could face a barrier around 3,057.

If gold fails to break above 3,057, it will be seen as a signal to sell with a target at 3,023. Moreover, we could expect it to reach the 200 EMA around 2,938 in the short term.

Be careful with the 3,045 level. If the price of gold remains above this area in the coming days, the outlook could remain bullish, hence, selling should be avoided.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
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

Indicator Analysis. Daily Overview for June 27, 2025 – GBP/USD Currency Pair

On Thursday, the pair moved upward, reaching the 161.8% level at 1.3792 (red dashed line), then retreated and closed the daily candle at 1.3723. A pullback may occur today. Strong

Stefan Doll 11:42 2025-06-27 UTC+2

Indicator Analysis. Daily Overview for June 27, 2025 – EUR/USD Currency Pair

On Thursday, the pair moved upward and tested the 161.8% target level at 1.1744 (red dashed line), then pulled back and closed the daily candle at 1.1699. Today, the upward

Stefan Doll 11:39 2025-06-27 UTC+2

Forecast for EUR/USD on June 27, 2025

On Thursday, the EUR/USD pair continued its upward movement and reached the 127.2% Fibonacci retracement level at 1.1712. A rebound from this level would favor the U.S. dollar

Samir Klishi 11:22 2025-06-27 UTC+2

Forecast for GBP/USD on June 27, 2025

On the hourly chart, the GBP/USD pair continued rising on Thursday and repeatedly tested the 200.0% Fibonacci level at 1.3749. A rebound from this level would favor the U.S. dollar

Samir Klishi 10:53 2025-06-27 UTC+2

USD/JPY. Analysis, Forecast and Current Market Situation

Today, following the release of data showing a decline in consumer prices in Tokyo, the Japanese yen began to weaken. This news reinforced expectations that the Bank of Japan

Irina Yanina 10:43 2025-06-27 UTC+2

Forex forecast 27/06/2025: EUR/USD, USD/JPY, Gold, Oil 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 10:12 2025-06-27 UTC+2

EUR/USD Forecast for June 27, 2025

EUR/USD Yesterday, concerning data was released from the U.S. GDP for Q1 contracted by 0.5% compared to the expected -0.2%. Core personal consumption expenditures (PCE) inflation for the same period

Laurie Bailey 05:13 2025-06-27 UTC+2

GBP/USD Forecast for June 27, 2025

GBP/USD The British pound is rising, but the accompanying Marlin oscillator is quite weak. Before the bulls are not just the desired targets — 1.3834, 1.3935, etc. — but also

Laurie Bailey 05:07 2025-06-27 UTC+2

USD/JPY Forecast for June 27, 2025

USD/JPY This morning, Tokyo's core CPI data showed a decline in inflation for the June estimate: the core index dropped from 3.6% year-over-year (y/y) to 3.1% y/y (with a forecast

Laurie Bailey 05:04 2025-06-27 UTC+2

Trading Signals for EUR/USD for June 26-28, 2025: sell below 1.1730 (overbought - 8/8 Murray)

If the euro price consolidates below 1.1735, the outlook could be negative for the coming days. We could sell with targets at the 7/8 Murray at 1.1596

Dimitrios Zappas 18:42 2025-06-26 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.