Gold begins to correct down, 2914
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
⚠️ 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
Trade active
Gold prices decreased to 2916.5 and increased sharply. Lack of an entry Buy 2915. Exact trend of decreaseTrade closed: target reached
Sideway gold price around 2920-2940, accumulated in reduction adjustment
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
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.