![Gold Price Technical Analysis On Intraday Chart [28-03-2025]](https://www.goldsilverreports.com/wp-content/uploads/2023/09/Gold-Forecast.webp)
The intraday chart shows that spot Gold price has almost tested the ascending triangle target, measured at $3,088.
- Safe-haven gold clears $3,000 for the first time
- Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week
- Gold Surges to $3,000: Could a Recession Push Prices Even Higher?
- Spot Gold Short-Term Technical Forecast [11 March 2025]
- Gold investors are assessing the Fed interest rate scenario
Therefore, a minor pullback cannot be ruled out in the near term. Additionally, the 14-day Relative Strength Index (RSI) has entered the overbought region, currently at 72.50, lending credence to the retracement forecast.
If a correction unfolds, the immediate support for Gold (XAU/USD) buyers is at the $3,047 psychological barrier, below which the March 26 low of $3,012 could be tested.
Further down, the $3,000 round level will emerge as a significant support level.
On the other hand, if buyers manage to hold ground, the next topside target is seen at the $3,100 threshold.
Fresh buying opportunities would emerge above that level, opening doors for an advance toward the $3,165 level.
