Gold Price Forecast for Next Week

Gold Price Forecast for Next Week (17th - 21st March 2025)

Comex Gold spot has touched its all-time high level over $3000 in past week, continued to trade in positive momentum for 4th consecutive week, managed to close at $2984 / ounces. On the other hand, MCX Gold April contract has settled at 87991, surged by +3.05% in past weeks.

Gold rallied this week as US President Trump’s escalating tariff war and cooling U.S. inflation reinforced Fed rate-cut bets, driving safe-haven demand. Also, persistent central bank buying and geopolitical uncertainty continue to highlight bullion’s resilience. While a weaker dollar supported gains, its stabilization has limited further upside. The upcoming FOMC meeting on March 18–19, 2025, will offer crucial insights into gold’s near-term trajectory.

Gold price has breakthrough the hurdle of Rising channel formation and continue to trade over all key moving averages i.e. 50, 100 and 200-DMA levels placed at 83549, 80804 and 77006 respectively. Daily SAR is placed at 84488. Immediate resistance would be at 88310, previous week’s high, breaking of this level will accelerate upward trend in Gold in uncharted zone. RSI levels are trailing at 70 on all key timeframes.

In coming weeks, we are expecting moderately bullish in Gold price and price traders should keep an eye on key US economic data such as US Retail sales, Manufacturing & Services PMI, Final GDP, Price index, Unemployment Claims along side announcement of Fed rate which are scheduled to be in next weeks.

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Prediction given by Technical Research Team - Choice.