Will gold hit a new all-time high above 2,220.00? XAUUSD weekly analysis for 25.03.2024 – 31.03.2024

Following the US Federal Reserve's meeting last Wednesday, the Fed’s officials did not exclude the possibility of switching to a looser monetary policy, even though a decline in inflation had not been confirmed yet.Moreover, the US dollar weakened sharply right after the Fed's meeting. However, it strengthened just as drastically the very next day, and the XAUUSD's value dropped from the record high near 2,222.00 reached the day before. Despite this, technical and fundamental analyses indi