Trading Strategy (XAUUSD) March 24, 2025

Gold prices edged up on Monday as concerns about upcoming retaliatory tariffs imposed by U.S. President Donald Trump and the possibility of a Federal Reserve rate cut this year supported the metal's safe-haven appeal.

Gold hit a record high of $3,057.21 an ounce last Thursday as trade tensions boosted safe-haven demand. Non-yielding bullion is seen as a hedge against geopolitical uncertainty, economic uncertainty and inflation.

The Fed kept its benchmark interest rate unchanged at 4.25%-4.50% last week, as expected. Policymakers see the U.S. central bank making two 25 basis point cuts by the end of the year.

XAUUSD trading strategy around the price zone:

SELL XAUUSD around 3036-3038
Stoploss: 3042
Take Profit 1: 3032
Take Profit 2: 3028
Take Profit 3: 3023

BUY XAUUSD around 3000-3002
Stoploss: 2995
Take Profit 1: 3007
Take Profit 2: 3012
Take Profit 3: 3020

Note: Always set Stoploss in all cases to be safe