26/03/2025
From a technical perspective, bullish resilience near the $3,000 mark and the subsequent move up, along with positive oscillators on the daily chart, suggest that the path of least resistance for the Gold price is to the upside. Some follow-through buying beyond the overnight swing high, around the $3,036 area, will reaffirm the constructive outlook and lift the XAU/USD pair towards the all-time peak, around the $3,057-3,058 zone touched last week.
On the flip side, the $3,000 mark should continue to protect the immediate downside for the Gold price and act as a key pivotal point. A convincing break below might prompt some technical selling and drag the XAU/USD pair to the $2,982-2,978 region. The corrective fall could extend further toward the next relevant support near the $2,956-2,954 resistance breakpoint.