XAU / USD trend forecast February 19, 2025
⚠️ Gold prices soared over 1% on Tuesday as heightened safe-haven demand emerged amid ongoing uncertainty surrounding US President Donald Trump's contentious trade policies. The XAU/USD pair is currently trading at $2,933, having rebounded from an intraday low of $2,892.
Market sentiment remains unsettled in the wake of Trump’s recent tariff measures on steel and aluminum imports, alongside his plans for implementing reciprocal duties. As a result, gold prices remain well-positioned to retest record highs, following the peak of $2,942 reached on February 11.
In response to the evolving market dynamics, Goldman Sachs has revised its year-end forecast for gold, now projecting XAU/USD to reach $3,100. The investment bank cited "structurally higher" central bank demand as a key driver, estimating that this factor alone could contribute to a 9% increase in the precious metal’s valuation.
⚠️ Buyers continue to make efforts to create new ATH today, pay attention to the psychological resistance zone of 2955
🚨/// SELL XAU : zone 2955-2958
SL: 2963
TP: 50 - 150 - 300pips (2928)
🚨/// BUY XAU : zone 2920-2917
SL: 2912
TP: 50 - 150 - 300pips (2947)
Safe and profitable trading