correction - move along short downtrend line
XAU / USD trend forecast February 24, 2025
⚠️ Gold prices (XAU/USD) edge lower toward the $2,925 mark during Monday’s Asian trading session, as the precious metal retreats from its record peak amid profit-taking. However, lingering uncertainty and apprehensions surrounding US President Donald Trump's tariff policies could limit further downside movement. After touching an all-time high of $2,954 last week, the yellow metal encounters some selling pressure. "This is a typical pattern following new record highs, with traders securing profits... yet the fundamental outlook for gold remains robust," noted Alex Ebkarian, Chief Operating Officer at Allegiance Gold.
⚠️ Gold is moving in the downtrend line on H1 frame, trading sideways above 2920
🚨/// SELL XAU : zone 2951-2954
SL: 2959
TP: 50 - 150 - 300pips (2924)
🚨/// BUY XAU : zone 2906-2909
SL: 2901
TP: 50 - 150 - 300pips (2936)
Safe and profitable trading
⚠️ Gold prices (XAU/USD) edge lower toward the $2,925 mark during Monday’s Asian trading session, as the precious metal retreats from its record peak amid profit-taking. However, lingering uncertainty and apprehensions surrounding US President Donald Trump's tariff policies could limit further downside movement. After touching an all-time high of $2,954 last week, the yellow metal encounters some selling pressure. "This is a typical pattern following new record highs, with traders securing profits... yet the fundamental outlook for gold remains robust," noted Alex Ebkarian, Chief Operating Officer at Allegiance Gold.
⚠️ Gold is moving in the downtrend line on H1 frame, trading sideways above 2920
🚨/// SELL XAU : zone 2951-2954
SL: 2959
TP: 50 - 150 - 300pips (2924)
🚨/// BUY XAU : zone 2906-2909
SL: 2901
TP: 50 - 150 - 300pips (2936)
Safe and profitable trading
Trade active
Gold price reached 2948 and decreased, sideway around 2940-2950 in the European sessionTrade closed: target reached
Nice profit , + 235 pips signal SELL 2951-2954 , amazing 
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💠 Trend analysis: XAU, BTC, Currency,...
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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.
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.