Gold Wave Analysis – 28 March 2025

Gold: ⬆️ Buy

– Gold broke resistance level 3050.00

– Likely to rise to resistance level 3100.00

Gold rising steadily after breaking above the key resistance level 3050.00 (which reversed the price earlier this month).

The breakout of the resistance level 3050.00 accelerated the active impulse wave 5 of the higher impulse wave (3) from November.

Given the clear daily uptrend, Gold can be expected to rise to the next resistance level 3100.00 (target for the completion of the active impulse wave (3)).