Weekly Analysis List
XAU/USD Weekly Analysis
3/3/25
Market Overview
As of March 3, 2025, the XAU/USD (gold vs. US dollar) pair has exhibited notable movements influenced by geopolitical tensions, economic indicators, and technical factors.
Technical Analysis:
Gold prices have been on an upward trajectory, approaching the significant $3,000 per ounce mark. According to FOREX24.PRO, the market is expected to attempt a bearish correction to test the support level near $2,835. A rebound from this support could lead to continued growth towards the $3,075 level. Conversely, a decline below the $2,735 area may indicate a continuation of the downward correction.
Fundamental Factors:
• Geopolitical Tensions: Uncertainty surrounding the Ukraine peace deal has increased demand for safe-haven assets like gold. The delay in the expected agreement between Ukraine and Russia has added to market volatility.
• Trade Policies: The U.S. administration's imposition of tariffs on imports from Canada, Mexico, and China has heightened global economic concerns, further boosting gold's appeal as a hedge against uncertainty.
• Central Bank Demand: Central banks have been increasing their gold reserves amid geopolitical tensions and economic uncertainty, providing additional support to gold prices.
Conclusion
Outlook:
The overall bullish trend in gold remains intact, with analysts anticipating a potential test of the $3,000 level in the near term. However, given the recent rapid price appreciation, a short-term correction is possible. Investors should monitor geopolitical developments, trade policy changes, and central bank actions, as these factors are likely to influence gold's trajectory in the coming weeks.