Gold (XAUUSD) Market Update & Strategy – March 21, 2025 📌 Resistance: $3075, $3100 📌 Support: $3000, $2950 Market Overview Gold remains in an uptrend, recently testing the $3075 resistance level after the FOMC meeting. The Fed signaled a cautious approach towards rate cuts, emphasizing inflation control. Despite this, market sentiment remains mixed, with traders eyeing U.S. jobless claims and bond yields for further direction. Safe-haven demand persists due to geopolitical tensions in the Middle East and uncertainty around global economic growth. However, if the dollar strengthens further, gold may face downward pressure. Trading Strategy 🔹 Bullish Scenario: ✅ Buy above $3075, targeting $3100-$3125 ✅ Confirmation: 1H close above $3075, RSI >55, MACD bullish crossover 🔻 Bearish Scenario: ✅ Sell below $3000, targeting $2950-$2925 ✅ Confirmation: 1H close below $3000, RSI <45, MACD bearish crossover ⚠ Stop Loss: Long: Below $3040 Short: Above $3085 Key Market Events to Watch: 📍 Fed’s Rate Decision Impact – Will Powell's speech hint at further rate cuts in Q2? 📍 U.S. Jobless Claims & GDP Data – Any surprises could shift gold’s momentum. 📍 Bond Yields & USD Index – A sharp move in either could impact gold’s trend. 🔎 What’s your view? Will gold break higher, or is a correction on the horizon? 🔥