Gold rests on support 13/2/2025

Gold Price Analysis

Gold successfully retested the 2870 support level and closed above it, initiating an upward move in today’s session, reaching $2918 per ounce.

Technical Outlook:

• Bullish Indicators:
  • Simple moving averages support the continuation of the upward trend.
  • The 14-day momentum indicator signals positive momentum.
• Bearish Risk:
  • A drop below 2870 could put gold under negative pressure, potentially leading to a retest of 2845 – 2840.

Key Levels to Watch:

• Bullish Scenario:
  • Above 2880 (and ideally 2870), gold remains in an uptrend.
  • A break above 2935 could accelerate gains toward 2953.
• Bearish Scenario:
  • A break below 2870 may trigger a decline toward 2845 – 2840.

Market Risks & Considerations:

• Upcoming US economic data (Producer Price Index, Weekly Unemployment Claims) may cause high volatility in gold prices.
• Ongoing trade tensions add uncertainty to market movements.

⚠ Risk Warning: The market remains highly volatile, and all scenarios should be considered.

Disclaimer: Trading in CFDs involves risks, and all scenarios are possible. This analysis is not investment advice but rather an interpretation of the current technical landscape for gold.

S1: 2881.00	R1: 2935.00
S2: 2845.00	R2: 2953.00
S3: 2827.00	R3:  2990.00