Gold (XAUUSD) Key Levels & Strategy – March 6, 2025
📈 Resistance: $2935, $2960
📉 Support: $2900, $2875
Trading Strategy
🔹 Bullish above $2935, targeting $2960+
✅ Confirmation: 1H close above $2935, RSI > 55, MACD bullish crossover.
🔹 Bearish below $2900, targeting $2875
✅ Confirmation: 1H close below $2900, RSI < 45, MACD bearish crossover.
🎯 Stop Loss:
📌 Long: Below $2925
📌 Short: Above $2910
⚠️ Upcoming Market Events to Watch:
Tomorrow’s Non-Farm Payrolls (NFP) and Unemployment Rate release could cause significant volatility in gold prices. Strong employment data may boost the USD and pressure gold lower, while weaker-than-expected figures could drive safe-haven demand, pushing gold higher. Traders should prepare for potential sharp price movements.
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