### **Gold Spot (XAU/USD) Trading Plan – March 2025**
#### **Market Overview** - **Trend**: Strong uptrend based on **BB 104 0.1**, as the price remains above the **upper band** of BB 104 0.1. - **Current Position**: The price recently pulled back from its recent high and is currently stabilizing near the middle of BB 20 0.2. - **Key Levels**: - **Resistance**: **UB1 (2,928.97 USD)** - **Support**: **MB (2,904.10 USD)** and **LB1 (2,879.23 USD)** - **Major Uptrend Support**: **BB 104 0.1 (2,733.66 - 2,712.76 USD)**
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### **Long (L) Strategy** 📌 **Entry Plan** - Look for a **bounce from MB (2,904.10 USD)** or **LB1 (2,879.23 USD)** with bullish confirmation. - If the price tests **BB 104 0.1 (2,733.66 - 2,712.76 USD)** and shows strength, consider **scaling in** for a long-term hold.
🎯 **Exit Plan** - **Primary target**: **UB1 (2,928.97 USD)** – partial profit-taking if the price approaches this level. - **Extended target**: If price breaks above UB1, hold for continuation toward **new highs**.
🛑 **Stop Loss** - If price breaks below **BB 104 0.1**, the long position is invalid.
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### **Short (S) Strategy** ⚠ **Caution**: Since the market is in a strong uptrend, short positions should be taken with strict risk management.
📌 **Entry Plan** - Look for **rejection at UB1 (2,928.97 USD)** with bearish confirmation (e.g., wicks or strong bearish candles). - A short-term short trade is possible if the price fails to reclaim **MB (2,904.10 USD)** and starts trending downward.
🎯 **Exit Plan** - **First target**: LB1 (2,879.23 USD) – take profits or tighten stop loss. - **Final target**: If momentum continues downward, look for support near **BB 104 0.1 (2,733.66 - 2,712.76 USD)**.
🛑 **Stop Loss** - If the price closes above **UB1 (2,928.97 USD)**, exit the short position immediately.
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### **Final Thoughts** ✅ **Bullish bias remains dominant** – focus on **long positions** unless clear reversal signals appear. ✅ **Short trades should be tactical**, with quick profit-taking and tight stops. ✅ **Monitor momentum and volume** for confirmation before entering any trade.