📊 Gold (XAU/USD) Daily Chart Analysis – Feb 16, 2025
🔹 Current Price: $2,882.48 (-1.57%)
🔻 Recent High: $2,939.98
🔻 Recent Low: $2,877.03
🔴 200 EMA: $2,562.04 (Long-term support)
🧐 Key Observations:
✅ Strong Uptrend: Price has been in a bullish trend since late 2024.
✅ Support Zone: A key demand zone around $2,850 - $2,870 (highlighted in blue).
✅ Trendline Retest: The price is testing the trendline, which could act as support.
📉 Possible Scenarios:
🔹 Bullish Case: If buyers step in at the support zone, we could see a bounce towards $2,950 - $3,000 🚀.
🔹 Bearish Case: A breakdown below $2,850 may trigger a deeper pullback to $2,800 - $2,750 ❄️.
🎯 Trading Plan:
📌 Buy Setup: Look for bullish confirmation (e.g., reversal candles) in the support zone before entering long.
📌 Sell Setup: If the price closes below $2,850, short positions could be considered with targets near $2,750.
🔥 Final Thoughts: Despite today’s pullback, gold remains bullish unless key support levels break. Watching price action around the blue zone will be crucial!
📢 Traders, what’s your take? Are we bouncing or breaking down? Let’s discuss! 👇💬 #Gold #XAUUSD
🔹 Current Price: $2,882.48 (-1.57%)
🔻 Recent High: $2,939.98
🔻 Recent Low: $2,877.03
🔴 200 EMA: $2,562.04 (Long-term support)
🧐 Key Observations:
✅ Strong Uptrend: Price has been in a bullish trend since late 2024.
✅ Support Zone: A key demand zone around $2,850 - $2,870 (highlighted in blue).
✅ Trendline Retest: The price is testing the trendline, which could act as support.
📉 Possible Scenarios:
🔹 Bullish Case: If buyers step in at the support zone, we could see a bounce towards $2,950 - $3,000 🚀.
🔹 Bearish Case: A breakdown below $2,850 may trigger a deeper pullback to $2,800 - $2,750 ❄️.
🎯 Trading Plan:
📌 Buy Setup: Look for bullish confirmation (e.g., reversal candles) in the support zone before entering long.
📌 Sell Setup: If the price closes below $2,850, short positions could be considered with targets near $2,750.
🔥 Final Thoughts: Despite today’s pullback, gold remains bullish unless key support levels break. Watching price action around the blue zone will be crucial!
📢 Traders, what’s your take? Are we bouncing or breaking down? Let’s discuss! 👇💬 #Gold #XAUUSD
Trade active
Gold is currently in play, showing some interesting price action. After bouncing directly from $2,877, it made a move to $2,906, tested $2,909, then pulled back to $2,890. Now, it’s gearing up again, making another attempt to break higher from $2,906, looking for the next bullish move. Let’s see if the momentum holds and if it can sustain the upward push! 🚀📈
So please be active and always make sure your trades are safe and secure! 💼🔒
Note
Gold is gaining momentum! 🚀 After bouncing from $2,877, it pushed through $2,906, tested $2,909, pulled back to $2,890, and is now climbing strong at $2,919. Bulls are stepping in—let’s see if it can hold and push higher! 📈🔥
So please be active and always make sure your trades are safe and secure! 💼🔒
Note
Gold is on fire! 🔥 It’s now trading at $2,945, continuing its bullish run after bouncing from $2,877. The momentum is strong, and the bulls are in control. We might be heading for new highs soon—let’s keep an eye on the next key levels! 🚀📈
So please be active and always make sure your trades are safe and secure! 💼🔒
Note
Gold just touched $2,954.89 and is still showing buying pressure! 🚀 The bulls are pushing strong, and it looks like gold is trying to climb even higher. Let’s see if this momentum continues or if we get a pullback from here! 📈🔥
So please be active and always make sure your trades are safe and secure! 💼🔒
Trade closed: target reached
The analysis played out perfectly! 🎯 Gold respected the support level, bouncing off $2,887 and quickly recovering to $2,902. Now, it's back in buy mode—will this momentum push it toward $3,000 for a new high, or will we see another dip back to support? Let’s watch closely! 📈🔥
So please be active and always make sure your trades are safe and secure! 💼🔒
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.