�As of March 15, 2025, gold (XAU/USD) has reached new record highs, surpassing the $3,000 mark. This surge is attributed to increased safe-haven demand amid global economic uncertainties and geopolitical tensions. �
fxstreet.com

Technical Analysis:

Support Levels: Immediate support is observed at $2,980, followed by stronger support around $2,950. �
tradingview.com

Resistance Levels: The next significant resistance is anticipated at $3,035, aligning with the ascending channel's upper boundary. �
tradingview.com

Relative Strength Index (RSI): The RSI is currently at 70.13, indicating overbought conditions and suggesting a potential short-term correction. �
tradingview.com

Moving Averages:

50-Day SMA: Gold is trading above its 50-day Simple Moving Average (SMA) of $2,871.39, reinforcing the bullish momentum. �
coincodex.com

200-Day SMA: The 200-day SMA stands at $2,698.88, with current prices well above this level, indicating a sustained uptrend. �
coincodex.com

Outlook:

The bullish trend in gold is expected to continue, with analysts projecting prices to reach $3,100 by mid-2025, driven by central bank purchases and geopolitical uncertainties. However, overbought technical indicators warrant caution, and investors should monitor for potential short-term corrections.�
marketwatch.com
+2
reuters.com
+2
investopedia.com
+2