Gold Heads to All-Time Highs with More Positive Outlook
Gold prices XAUUSD have recovered as US Treasury yields have fallen sharply amid the looming trade war. Central banks' increased purchases of gold have created more room for gold prices to rise.
US real yields inversely correlated with gold prices, fell eight basis points to 2.072%, a positive signal for gold. The 10-year US Treasury note yield fell 10 basis points to 4.519%.
Bloomberg reported that gold prices have stabilized near all-time highs after US President Trump ordered reciprocal tariffs, adding to the uncertainty in trade and the global economy.
On Thursday, Trump announced that the United States will impose "reciprocal tariffs" on all countries exporting goods to the United States to restore a fair competitive environment in global trade, but has not yet given a specific implementation time.
This is a new escalation in the trade war after Trump announced an additional 25% tariff on all steel and aluminum imported into the US.
The World Gold Council (WGC) revealed that central banks bought over 1,000 tons of gold for the third consecutive year in 2024. According to the World Gold Council, the amount of gold purchased by central banks increased by more than 54% compared to the same period last year, 333 tons after Trump won the election. Central banks, including China, increased their gold holdings and expanded exchange-traded funds backed by the metal, which also supported the 12% increase in gold in the first period of this year.
Today's Important Financial Data and February 1414 February 14, 2025
① 17:February 14February 14nual GDP Rate in Q4
② 17:00 Eurozone Seasonally Adjusted Initial Employment Rate in Q4
③ 20:30 Canada Monthly Wholesale Rate in December
④ 20:30 US Monthly Retail Sales Rate in January
⑤ 21:30 US Monthly Import Price Index Rate in January
⑥ 21:15 US Monthly Industrial Production Rate in January
⑦ 22:00 US Monthly Commercial Inventory Rate in December
⑧ 01:00 Next Day Total US Oil RigsFebruary 14 FebruFebruary 1414 February
XAUUSD Gold February 1414 February 14ok
Gold continued to rise for a second day after finding support from the confluence of the upper edge of the channel (a) and the 0.236% Fibonacci extension. At its current position, it is well placed to continue rising, with a target of a near-term all-time high, more likely a new all-time high of around $2,952.
The bullish technical short-term trending. The channel (b. TTh) highlights the short-term trend. The Strength Index (RSI) remains bbullibullish, and the green uptrend shows signs of a possible downside correction.
During the day, as long as gold remains within the price channel (b), it still has a bullish outlook. DeclinesnnotoshowingrI going below 80 or below EMA21 should only be considered a short-term correction and a short-term buying opportunity. The notable levels will be listed as follows.
Support: 2,900 - 2,891 USD
Resistance: 2,927 - 2,942 - 2,952 USD
This is the end of the article; I wish you a productive and happy working day.
US real yields inversely correlated with gold prices, fell eight basis points to 2.072%, a positive signal for gold. The 10-year US Treasury note yield fell 10 basis points to 4.519%.
Bloomberg reported that gold prices have stabilized near all-time highs after US President Trump ordered reciprocal tariffs, adding to the uncertainty in trade and the global economy.
On Thursday, Trump announced that the United States will impose "reciprocal tariffs" on all countries exporting goods to the United States to restore a fair competitive environment in global trade, but has not yet given a specific implementation time.
This is a new escalation in the trade war after Trump announced an additional 25% tariff on all steel and aluminum imported into the US.
The World Gold Council (WGC) revealed that central banks bought over 1,000 tons of gold for the third consecutive year in 2024. According to the World Gold Council, the amount of gold purchased by central banks increased by more than 54% compared to the same period last year, 333 tons after Trump won the election. Central banks, including China, increased their gold holdings and expanded exchange-traded funds backed by the metal, which also supported the 12% increase in gold in the first period of this year.
Today's Important Financial Data and February 1414 February 14, 2025
① 17:February 14February 14nual GDP Rate in Q4
② 17:00 Eurozone Seasonally Adjusted Initial Employment Rate in Q4
③ 20:30 Canada Monthly Wholesale Rate in December
④ 20:30 US Monthly Retail Sales Rate in January
⑤ 21:30 US Monthly Import Price Index Rate in January
⑥ 21:15 US Monthly Industrial Production Rate in January
⑦ 22:00 US Monthly Commercial Inventory Rate in December
⑧ 01:00 Next Day Total US Oil RigsFebruary 14 FebruFebruary 1414 February
XAUUSD Gold February 1414 February 14ok
Gold continued to rise for a second day after finding support from the confluence of the upper edge of the channel (a) and the 0.236% Fibonacci extension. At its current position, it is well placed to continue rising, with a target of a near-term all-time high, more likely a new all-time high of around $2,952.
The bullish technical short-term trending. The channel (b. TTh) highlights the short-term trend. The Strength Index (RSI) remains bbullibullish, and the green uptrend shows signs of a possible downside correction.
During the day, as long as gold remains within the price channel (b), it still has a bullish outlook. DeclinesnnotoshowingrI going below 80 or below EMA21 should only be considered a short-term correction and a short-term buying opportunity. The notable levels will be listed as follows.
Support: 2,900 - 2,891 USD
Resistance: 2,927 - 2,942 - 2,952 USD
This is the end of the article; I wish you a productive and happy working day.
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
️🥇 Zalo Group: zalo.me/g/hydlwv957
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
️🥇 Zalo Group: zalo.me/g/hydlwv957
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.