{"id":38383,"date":"2025-03-11T17:59:57","date_gmt":"2025-03-11T20:59:57","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2025\/03\/11\/gold-price-forecast-nears-key-resistance-but-direction-remains-uncertain\/"},"modified":"2025-03-11T17:59:57","modified_gmt":"2025-03-11T20:59:57","slug":"gold-price-forecast-nears-key-resistance-but-direction-remains-uncertain","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2025\/03\/11\/gold-price-forecast-nears-key-resistance-but-direction-remains-uncertain\/","title":{"rendered":"Gold Price Forecast: Nears Key Resistance, but Direction Remains Uncertain"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<h2 id=\"six-day-narrow-price-range\">Six Day Narrow Price Range<\/h2>\n<p>Gold has been moving relatively sideways for the past six days, following a test of resistance around the 78.6% retracement level at $2,930 last week. Last week\u2019s high was $2,930 and it established a lower swing high relative to the recent new record high of $2,956 reached two weeks ago. This means that a bullish breakout above $2,930 could see a spike in demand as the record high would be next in line to be challenged.<\/p>\n<p>Higher targets for gold include the completion of a rising ABCD pattern at $2,974. But the pattern needs to see a rise above last week\u2019s high before it becomes valid. A little higher is a long-term target. The 300% extension of a retracement measuring the March 2022 bearish correction points to potential resistance around $2,982.<\/p>\n<h2 id=\"gold-could-go-either-way\">Gold Could Go Either Way<\/h2>\n<p>Key near-term support is at $2,880 as a drop below that price level before a rise above last week\u2019s high, shows a likely continuation of the bearish correction that followed the recent record high. Gold closed the week with a bearish reversal weekly pattern, ending in the lower third of the trading range. It showed the potential for a deeper bearish pullback than that what has been seen so far. The 50-Day MA is the next lower more significant support zone if Monday\u2019s low is busted to the downside.<\/p>\n<p>For a look at all of today\u2019s economic events, check out our\u00a0<b><a href=\"https:\/\/www.fxempire.com\/tools\/economic-calendar\" target=\"_blank\" rel=\"noopener noreferrer\">economic calendar<\/a>. <\/b><\/p>\n<\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Six Day Narrow Price Range Gold has been moving relatively sideways for the past six days, following a test of resistance around the 78.6% retracement level at $2,930 last week. Last week\u2019s high was $2,930 and it established a lower swing high relative to the recent new record high of $2,956 reached two weeks ago. This means that a bullish breakout above $2,930 could see a spike in demand as the record high would be next in line to be challenged. Higher targets for gold include the completion of a rising ABCD pattern at $2,974. But the pattern needs to see a rise above last week\u2019s high before it becomes valid. A little higher is a long-term target. The 300% extension of a retracement measuring the March 2022 bearish correction points to potential resistance around $2,982. Gold Could Go Either Way Key near-term support is at $2,880 as a drop below that price level before a rise above last week\u2019s high, shows a likely continuation of the bearish correction that followed the recent record high. Gold closed the week with a bearish reversal weekly pattern, ending in the lower third of the trading range. It showed the potential for a deeper bearish pullback than that what has been seen so far. The 50-Day MA is the next lower more significant support zone if Monday\u2019s low is busted to the downside. For a look at all of today\u2019s economic events, check out our\u00a0economic calendar. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":38384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-38383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/38383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=38383"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/38383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/38384"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=38383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=38383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=38383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}