Gold begins to correct down, 2914

il y a 3 jours

XAU / USD trend forecast February 21, 2025

⚠️ Gold prices climbed late in the North American session but retreated from their record peak of $2,954 as traders opted to secure profits. Lingering concerns over escalating trade tensions, a weakened US Dollar, and declining US Treasury bond yields continued to provide underlying support for XAU/USD, which held onto modest gains of 0.23%, hovering near the $2,939 level at the time of writing.

The persistent demand for bullion is driven by uncertainty surrounding global trade dynamics. Heightened risk aversion has steered investors toward traditional safe-haven assets, bolstering the appeal of Gold alongside the Japanese Yen (JPY), which registered notable gains throughout the day.

⚠️ Gold price reached ATH 2954, starting to correct. H1 frame shows short-term downtrend is taking place according to trendline. Pay attention to profit-taking pressure at the end of the week.

🚨/// SELL XAU : zone 2952-2955

SL: 2960

TP: 50 - 150 - 300pips (2925)


🚨/// BUY XAU : zone 2915-2912

SL: 2907

TP: 50 - 150 - 300pips (2942)


Safe and profitable trading

il y a 3 jours

Transaction en cours

Gold prices decreased to 2916.5 and increased sharply. Lack of an entry Buy 2915. Exact trend of decrease

avant-hier

Trade fermée: cible de profit atteinte

Sideway gold price around 2920-2940, accumulated in reduction adjustment