GOLD BUY - 2915.50

Current Price: 2913.16 Time: 2025-03-05 13:29:32

1H Technical Analysis:
Oscillators: Most oscillators are neutral, but Momentum and MACD Level indicate a SELL signal.
Moving Averages: Mixed signals. Short-term MAs (10, 20) indicate SELL, while long-term MAs (50, 100, 200) indicate BUY.
Pivot Points: The price is near the R1 pivot point, which may act as resistance.

4H Technical Analysis:
Oscillators: Mixed signals. Awesome Oscillator and MACD Level indicate BUY, while Momentum and Stochastic RSI Fast indicate SELL.
Moving Averages: Most MAs indicate a BUY signal, suggesting a strong bullish trend.
Pivot Points: The price is near the R1 pivot point, which may act as resistance.

XAUUSD Daily Forecast:
XAUUSD could retest the broken trend line on the RSI. A rebound from the lower boundary of the bullish channel reinforces the uptrend.
Support: 2900, Resistance: 2935, 2985.
XAUUSD Forecast: BUY.

Latest News:
Geopolitical tensions are driving investors towards safe-haven assets like gold, increasing demand and pushing prices higher.
Impact: BUY.

Upcoming Events:
The release of US inflation data will significantly impact the gold market. Higher inflation could drive gold prices up as investors seek protection against inflation.
Impact: BUY.

GOLD Signal:
Signal: BUY
Entry Price: 2915.00
Percentage Possibility: 60% BUY, 40% SELL.

Scenarios:
BUY Scenario: If the price breaks above 2935, expect further growth towards 2985. Support at 2900.
SELL Scenario: If the price falls below 2875, expect further decline towards 2835. Resistance at 2935.

Analysis:
Despite mixed signals on the 1H timeframe, the 4H timeframe and fundamental data indicate a strong bullish trend. Upcoming events, such as inflation data, could further support gold price growth.

Summary:
The gold market is currently in a bullish trend supported by long-term MAs and fundamental factors. However, caution is advised due to short-term fluctuations and potential reversals.