Gold: Growth Opportunities

Gold has been in an uptrend since the beginning of March, and the rally accelerated as gold hit new highs at the end of last week, when the spot price hit a new record of $3057. We see this breakout as the start of a new expansionary momentum with an upside potential of $3180/oz, which represents 161.8% of the upside momentum from the start of the year to the February peak.

The alternative view is also bullish. According to it, gold has completed a correction since the beginning of the year, following the rally from October 2023 to November 2024. The bulls are now targeting the level of $3400 an ounce. This seems like the bulls' target for the coming months. However, we should not lose sight of the fact that the current rally in gold is accumulating extreme overbought conditions on both the daily and weekly timeframes.

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What’s next: Flash PMIs, UK CPI & US PCE

The new week will start with the first estimate of the PMI business activity indexes for March, which will be influential for the single European currency. In recent months, this indicator has picked up considerably, which has helped equities and the euro. There are growing expectations that not only the service sector but also manufacturing activity will return to growth territory after many months of contraction.

On Wednesday, it is worth paying attention to the UK inflation figures, where we see an acceleration since October. This is an important reason why the Bank of England is not cutting rates. Analysts, on average, forecast a slowdown from 3.0% to 2.9%. Deviations from forecasts will drive the pound.

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USDCHF Wave Analysis – 21 March 2025

- USDCHF reversed from support level 0,8750

- Likely to fall to support level 208.00

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Silver Wave Analysis – 21 March 2025

- Silver reversed from resistance level 34.00

- Likely to fall to support level 32.00

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Google Wave Analysis – 21 March 2025

- Google reversed from key support level 160.00

- Likely to rise to resistance level 167.00

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Tesla Wave Analysis – 21 March 2025

- Tesla reversed from support level 220.00

- Likely to rise to resistance level 280.00

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🗓 Economic Calendar at 2025/03/24 (GMT)

08:15 🇫🇷 Manufacturing PMI — Exp: 46.2 Actual: 48.9

08:15 🇫🇷 Services PMI — Exp: 46.3 Actual: 46.6

08:15 🇫🇷 PMI Composite — Exp: 46.1 Actual: 48.9

08:30 🇩🇪 Manufacturing PMI — Exp: 47.1 Actual: 48.3

08:30 🇩🇪 Services PMI — Exp: 52.3 Actual: 50.2

08:30 🇩🇪 PMI Composite — Exp: 51.2 Actual: 50.9

09:00 🇪🇺 Manufacturing PMI — Exp: 48.3 Actual: 48.7

09:00 🇪🇺 Services PMI — Exp: 51.2 Actual: 50.4

09:00 🇪🇺 PMI Composite — Exp: 50 Actual: 50.4

09:30 🇬🇧 Manufacturing PMI — Exp: 47.3 Actual: 44.6

09:30 🇬🇧 Services PMI — Exp: 51.2 Actual: 53.2

09:30 🇬🇧 PMI Composite — Exp: 50.3 Actual: 52.0

13:45 🇺🇸 Manufacturing PMI — Exp: 51.9 Actual: 49.8

13:45 🇺🇸 Services PMI — Exp: 51.2 Actual: 54.3

13:45 🇺🇸 PMI Composite Actual: 53.5

17:45 🇺🇸 FOMC Member Raphael W. Bostic Speaks

18:00 🇬🇧 ⚡️ BOE Governor Andrew Bailey Speaks

19:10 🇺🇸 FOMC Member Michael S. Barr Speaks


[Updated in real time]

Video: Market Shake-Up! Dollar, Bitcoin & Gold on the Move – What’s Next?

Big moves are brewing in the markets! 📉📈 The US Dollar is forming a bottom, Bitcoin is battling key resistance, and gold just hit record highs! But is this a breakout or a bull trap? 🤔 Get expert insights and the key trends shaping the week ahead. Don’t miss it—like, share, and subscribe for the latest financial updates!



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Bitcoin pushes up from 200-day MA

Crypto market capitalisation rose 3.2% in the last 24 hours to $2.86 trillion, the highest in two and a half weeks. The climb intensified on Sunday and accelerated early in the day on Monday. Technically, the market remains below its 200-day moving average, but the battle for the long-term trend could be the main event on Monday.

Bitcoin appears to have already won that battle of its own, pushing off its 200-day on Sunday and gaining ground on Monday. Prices at $87K repeat last week's peaks. In our view, the bulls defended the long-term uptrend, although the price spent a long time below the key curve. Among the short-term benchmarks for buyers, we highlight $90K, where the significant round mark and the 50-day average are combined.

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#Shorts

#Gold: targeting $3100

Dow Jones Wave Analysis – 24 March 2025

Dow Jones: ⬆️ Buy

- Dow Jones reversed from support zone

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USDJPY Wave Analysis – 24 March 2025

- USDJPY broke the resistance zone

- Likely to rise to the resistance level 151.35

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🗓 Economic Calendar at 2025/03/25 (GMT)

09:00 🇩🇪 Ifo Business Climate — Exp: 86.8 Actual: 86.7

09:00 🇩🇪 IFO - Current Assessment — Exp: 85.5 Actual: 85.7

09:00 🇩🇪 IFO - Expectations — Exp: 87.9 Actual: 87.7

12:40 🇺🇸 FOMC Member Adriana D. Kugler Speaks

13:00 🇺🇸 S&P/Case-Shiller 20 City — Exp: 4.6% Actual: 4.7%

13:05 🇺🇸 FOMC Member John C. Williams Speaks

14:00 🇺🇸 ⚡️ CB Consumer Confidence — Exp: 94.2 Actual: 92.9

14:00 🇺🇸 New Home Sales — Exp: 682K Actual: 676K | 1.8%


[Updated in real time]

Brent crude oil Wave Analysis – 24 March 2025

Brent crude oil: ⬆️ Buy

- Brent crude oil broke resistance zone

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Amazon Wave Analysis – 24 March 2025

- Amazon reversed from the support zone

- Likely to rise to the resistance level 210.00

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Crypto market prepares to storm the trend line

The crypto market is losing slightly early Tuesday afternoon, cutting the gains of the past seven days to 4.4%. Acting on classic market trends, selling pressure intensified on the approach to the 200-day moving average near $2.90 trillion. A dip under that curve intensified selling in early March, but the market has generally held near that line and is now storming it.

Success could whet the appetite of doubters, validating the continuation of the cryptocurrency bull market.

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US Consumers Lose Confidence Over Trade Tariffs 

Fears of tariff wars have pushed consumer confidence to a four-year low. The Consumer Confidence Index fell 7.2 points to 92.9 in March, the lowest since March 2021. Expectations fell to a 12-year low of 65.2. The Conference Board notes that the 80 level is typically seen as a recession threshold. According to this metric, America is heading into or already in a recession.

It's interesting how the indicator, which spiked after Trump's election victory and is now falling as the president-elect fulfils his campaign promises, has evolved.

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Gold Wave Analysis – 25 March 2025

- Gold reversed from support zone

- Likely to rise to the resistance level 3060.00

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🗓 Economic Calendar at 2025/03/26 (GMT)

00:30 🇦🇺 ⚡️ Consumer Price Index — Exp: 2.5% Actual: 2.4%

07:00 🇬🇧 ⚡️ Consumer Price Index — Exp: 0.5% | 2.9% Actual: 0.4% | 2.8%

07:00 🇬🇧 Core CPI — Exp: 3.6% Actual: 3.5%

07:00 🇬🇧 Retail Price Index — Exp: 0.8% | 3.6% Actual: 0.6% | 3.4%

07:00 🇬🇧 Producer Price Index Input

11:00 🇬🇧 ⚡️ Annual Budget Release

12:30 🇺🇸 Durable Goods Orders — Exp: -1.1% | 0.2% Actual: 0.9% | 0.7%

14:30 🇺🇸 Crude Oil Inventories — Exp: 1500K Actual: -3341K

17:30 🇨🇦 Summary of Deliberations


[Updated in real time]