Gold tries to regain the upward path 18/2/2025

Gold (XAU/USD) Technical Analysis

Gold prices began today’s trading with an upward trend after last Friday’s decline and profit-taking pushed prices down to $2878 per ounce.

Technical Outlook:

• Bullish Signals:
  • The price remains stable above the 50-day simple moving average (SMA).
  • Intraday support is confirmed at 2887, with a broader floor at 2878.
• Key Resistance & Target Levels:
  • A break above 2919 could accelerate an upward move towards 2930 and 2950.
• Bearish Scenario:
  • A drop below 2878 may put gold under negative pressure, leading to a retest of 2865 and 2855.

Market Risks & Considerations:

• US President Donald Trump’s speech could trigger high market volatility.
• Trade tensions remain a key risk factor, making all scenarios possible.

⚠ Risk Warning: The risk level is high, and significant price fluctuations are expected.

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: 2887.00	R1: 2919.00
S2: 2865.00	R2: 2930.00
S3: 2855.00	R3:  2951.00