GOLD Drops $67 – Bearish Momentum Continues Below 2,859 GOLD Update – Feb 28, 2025
Gold dropped $67 from 2,918 to 2,859, as we expected! Now, the price is struggling below 2873, keeping the bearish momentum intact.
📉Bearish Scenario:
Staying below 2,859 and 2,873 could push the price toward 2,840.
A 1H or 4H close below 2,840 opens the door for 2,823 – 2,811.
📈Bullish Possibility:
If 2,873 is reclaimed, expect some volatility between 2,873 and 2,880.
Above 2,880, gold could rally to 2,895 – 2,905.
💠Key Levels:
Resistance: 2873 | 2880 | 2895
Pivot: 2859
Support: 2840 | 2823 | 2810
Bearish Trend is Active while Below 2859
Bullish Correction to 2873 if Stabilized Above 2859
Xauusd(w)
Gold fell sharply below the low and continued to shortGold fell below the low of 2890-2888 yesterday, and the lower support line of the rising channel was also broken. The short-term trend turned bearish, opening up the space below, which means that the magnitude of this round of retracement will be relatively large.
The daily line closed with a big negative below the short-term moving average. Gold will continue to fall today. Focus on the support of the 30-day moving average, which is about 2850. If we look at the entire increase from 2853 to 2956, the retracement support level of 283 is at 2813.
Gold continued to fall at the opening in the morning, with the lowest price hitting 2856. In the afternoon rebound, focus on the pressure at 2876, and expect a second decline. The watershed is at 2885, and the support below is around 2850. The strong support is at 2834-2835, and a rebound may be expected.
LONG ON GOLDGold has fell almost $100 or 1000 pips since Monday from its high.
Its currently at a major demand level that was created 2/7/25 that caused it to rise $100 points to 2/24//25.
History from 2/7/25 looks like it will be repeating itself.
Dollar (DXY) looks bearish and PCE news comes out at 8:30 for Inflation which I believe will come out bad causing the dollar to tank and gold as well as the indices to rise.
I will be buying gold looking to catch that $100 move or 1000pips.
See you at the Top! OANDA:XAUUSD
GOLD, Will the correction continue or not ??Hello Traders, Hope you are doing great.
As you can see below this post, We expected a correction in GOLD yesterday because it was forming a Rising Wedge Reversal pattern. The price corrected about 500 pips and then it began to retrace to 61.8 Fibo level. But what happens now? will the correction continue or not ?
The answer of this question is a Hesitant Yes, it will probably continue its downward correction, but PCE data that comes Friday can change everything, so Don't forget to use proper risk management. and Remember that these kind of corrections are temporary and gold price will probably see higher price this year
and finally tell me What are your thoughts about GOLD ? UP or DOWN ? comment your opinion below this post.
GOLD → False breakdown before further declineOANDA:XAUUSD updating lows within the changing local trend structure. The price is currently testing the liquidity zone at 2852, with a potential rebound before further downside movement.
Gold registered its lowest level in two weeks, dropping below $2,900 in Asia on Friday, breaking an eight-week bullish streak. The metal remains under pressure from the stronger U.S. dollar, influenced by Trump's tariff policies and U.S. economic conditions. Trump confirmed that tariffs on Canada and Mexico will take effect as scheduled on March 4 and also threatened to impose a 25% tariff on European Union imports, along with an additional 10% on Chinese goods. Additionally, weak U.S. GDP data (2.3% in Q4) and rising jobless claims have further supported the dollar. Traders are now awaiting the U.S. PCE Price Index to assess the Fed's interest rate outlook and its impact on gold.
A false breakdown at 2852 could trigger a retracement toward the 0.618 Fibonacci imbalance zone at 2877 or the 0.5 level at 2885 before resuming the decline. Given both weak fundamental and technical conditions, gold may attempt to retest its recent lows.
Best regards, Bentradegold!
XAU/USD 28 February 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS as per alternative scenario mentioned over the last few weeks.
Price is now trading within an internal high and fractal low.
Bullish CHoCH positioning is marked with a blue dotted line.
Intraday Expectation:
Await for price to indicate bullish pullback phase initiation by printing a bullish CHoCH.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS in accordance with analysis and bias dated 26 January 2025.
You will note price has printed several bullish CHoCH's followed by bearish iBOS's, however, I have left them unmarked due to low volume candles printing erratically. This would in-turn distort internal structure.
Price has printed a further bullish CHoCH, which indicates, but does not confirm bullish pullback phase initiation, however, I will continue to monitor price action.
Intraday Expectation:
Price to continue bullish, react at either premium of internal 50% EQ, or M15 supply zone before targeting weak internal low priced at 2,851.115.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Daily Market Outlook: BTC, DXY & Gold Analysis (#8)The market has been highly reactive following yesterday’s GDP and Unemployment Claims report. The DXY strengthened sharply, reaching a key resistance at 107.474. Previously, this level acted as a strong support and has now turned into a major resistance zone.
DXY Analysis
We need to consider multiple scenarios for the dollar index:
Most Likely Scenario: If DXY gets rejected from 107.474, we can look for short positions below 107.063, anticipating a continuation of the secondary downtrend in the daily timeframe.
Alternative Scenario: If DXY breaks above 107.474, it could continue strengthening toward 107.767, confirming that the correction is over and resuming the major uptrend.
Gold (XAU/USD) Analysis
Gold dropped below 2878.87, entering a price correction phase. Key support levels to watch:
2841.25 (Fib 50%)
2811
2790 (Strong demand zone)
Short Position Plan (1H Timeframe)
If gold finds support at 2855 (35% Fib), and later breaks it, a short entry could be considered.
If the drop continues, the next major short opportunity is at 2841.89 in the 4H timeframe.
Long Position Plan
A confirmed breakout above 2879.26 will indicate strength, making it a valid long entry point.
Bitcoin (BTC/USD) Analysis
BTC has been experiencing significant downside pressure, aligning with the February 26 analysis where I highlighted the potential for a price correction within its major uptrend.
As mentioned earlier, losing 80-82K support would shift the market bias to bearish, favoring short positions. If you shorted BTC from 85K, this could be a great area to secure profits.
Currently, BTC lacks a clear structure, so I’m waiting for more confirmation before taking new positions.
What’s Next for BTC?
If BTC closes below 80K, we will need to reassess the market structure and update our strategy accordingly.
If BTC holds above this level, there is still a chance for a recovery and potential upside continuation.
However, if 80K is lost, the recovery process could take much longer than expected.
Final Thoughts
Stay patient and wait for clear market structures before entering trades. If you’re already in positions, manage them carefully based on these levels.
I’m Skeptic , and I’m grateful to be on this journey with you all. Trading is tough, but growing together makes it worthwhile. Stay profitable and see you tomorrow! 🚀💡
GOLD is under great pressure by the US DollarThe US Dollar Index soared again, which put pressure on OANDA:XAUUSD adding momentum to the adjustment momentum taking place in recent days.
Bloomberg said that after US President Donald Trump confirmed he would impose 25% tariffs on Canada and Mexico next week, currency traders bought the US Dollar, while currencies other than the USD were negatively affected, with the Canadian Dollar and Mexican Peso being hit the hardest. The soaring US Dollar is also detrimental to precious metals, commodities and digital currencies.
Trump said 25% tariffs on Canada and Mexico would take effect on March 4. He stated on his "Truth Social" account: "Drugs are still flowing into our country from Mexico and Canada in unacceptable quantities. We cannot let this scourge continue to hurt the United States, so until it stops or is tightly controlled, tariffs are proposed." with Canada and Mexico) scheduled to take effect on March 4 will actually take effect as planned."
Trump also said he would impose "reciprocity" tariffs of 25% on cars and other European goods.
OANDA:XAUUSD In recent times, it has still been going fast and strong, although fundamentally there are still many existing support risks, mainly due to profit-taking activities after a long period of price increases and the strong increase in the price of the US Dollar.
Thanks to the influx of money into safe havens, gold prices hit an all-time high of $2,956.15 an ounce on Monday after a rapid downward correction. Gold prices are clearly fluctuating, short-term fluctuations and some profit-taking are just a normal part of the cycle
Since the presidential election on November 5 of last year, the Dollar Spot Index has gained 6.62%.
Analysis of technical prospects for OANDA:XAUUSD
The medium-term uptrend of gold price is threatened when the sell-off momentum brings gold price below the price channel and EMA21, these are negative signals with the next support level being noticed at the price point of 2,835USD, more likely is the 0.382% Fibonacci retracement level.
Currently, the $2,880 level is the previous support turned resistance with the 0.236% Fibonacci retracement becoming the nearest resistance. On the other hand, the RSI tests the 50 mark. Once the RSI passes the 50 mark, this will be a warning of continued price decline because there is still room to fall with the RSI quite far from the oversold level.
As noted to readers in previous publications and short comments during the day, the downward correction will not stop easily before the original price point of 2,900 USD, so you must always be ready for stronger corrections when gold has had a very long period of technical increase.
Although gold has not yet formed a clear downtrend in the medium term, there is still room to fall ahead and notable positions will be listed as follows.
Support: 2,850 – 2,835 – 2,814USD
Resistance: 2,868 – 2,880 – 2,900USD
SELL XAUUSD PRICE 2911 - 2909⚡️
↠↠ Stoploss 2915
→Take Profit 1 2903
↨
→Take Profit 2 2897
BUY XAUUSD PRICE 2849 - 2851⚡️
↠↠ Stoploss 2845
→Take Profit 1 2857
↨
→Take Profit 2 2863
XAG/USD Bearish Flag (27.2.25)The XAG/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 31.06
2nd Support – 30.66
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Gold Outlook: Bearish Pressure ContinuesYesterday, Gold once again rebounded from the newly formed support around 2890. However, after reaching the 2920 resistance zone, the price started to decline again.
While the daily candle on the chart appears as a Doji, signaling indecision, overnight price action suggests renewed downside pressure, testing support once more.
The overall chart structure and price action indicate that this support level is likely to break. In my view, even the older technical support at 2880 may not hold.
🔹 Trading Strategy:
✅ Focus on selling rallies, with confirmation below support.
✅ Negation of the bearish bias only occurs if Gold moves above 2920 resistance.
✅ Target: A deeper correction towards 2850.
Stay disciplined and trade wisely! 📉
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Gold Prices Take a Breather: First Weekly Decline in Nine Weeks◉ Overview
● Gold prices have risen for eight consecutive weeks, driven by safe-haven demand and a weaker US dollar.
● However, with US inflation data scheduled for release, investors are becoming cautious, leading to a decline in gold prices.
● The US inflation data will provide insight into the Federal Reserve's future monetary policy decisions.
◉ Technical Observations
● After hitting an all-time high near $2,956, the prices are now declining.
● In the weekly chart, a Bearish Engulfing candlestick pattern could be observed, indicating negative market sentiments.
● A support level is expected at $2,790, which is nearly 3% below the current market price.
XAUUSD H4 I Bearish Continuation Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 2882.96, which is an overlap resistance.
Our take profit will be at 2829.34, a pullback support that aligns with the 161.% Fibonacci extension.
The stop loss will be placed at 2992.55, which is an overlap resistance level.
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Gold breaks out of consolidation, facing bearish pressureGold has officially exited its previous consolidation phase, experiencing a sharp decline from the $2,950 region and reaching a low near $2,878. The breakdown of the rising wedge pattern has triggered increased selling pressure, confirming a shift in momentum towards the downside.
Currently, gold is making a slight recovery, trading around $2,919. However, the bearish trend remains dominant, leaving the price vulnerable to further downside moves. If gold fails to reclaim the $2,930 - $2,940 zone, the downward momentum may persist, targeting $2,905 as the first support level, with a potential extension toward $2,879.
Wishing you successful trades!
Gold Analysis February 27⭐️Fundamental Analysis
The US dollar (USD) gained positive traction for the second consecutive day amid a slight rise in US Treasury yields and a further move away from the lowest level since December 10. This, coupled with the generally positive risk sentiment, turned out to be a major factor exerting downward pressure on the precious metal.
However, uncertainty over US President Donald Trump's tariff plans and trade war fears could continue to act as a bullish driver for Gold prices. Additionally, expectations that the Federal Reserve (Fed) will cut interest rates further amid signs of a cooling US economy and growth concerns could limit losses for the non-yielding bullion. Traders may also opt to wait for the US Personal Consumption Expenditures (PCE) Price Index due on Friday.
⭐️Technical Analysis
Gold price is pushed below 2900 by the sellers. The current notable border zone is 2890 and 2905 when the candle closes above or below this border, it confirms the next trend and we can fomo when breaking out. Gold in the European session does not close above 2898, there is a high possibility of continuing to fall until the US session enters the market. The 2872 zone is considered an important support zone that can push gold prices from a long slide. Resistance when breaking the border is noted at 2920-2943.
Gold H1 | Bearish downtrend to extend further?Gold (XAU/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2,887.21 which is a swing-high resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 2,900.00 which is a level that sits above the 50.0% Fibonacci retracement and an overlap resistance.
Take profit is at 2,841.68 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
XAG/USD - Wedge Breakout (Weekly Forecast Feb 24-28)The XAG/USD Pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 31.25
2nd Support – 30.67
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Trade Idea: XAUUSD Short ( SELL LIMIT )Technical Analysis:
1. Daily Chart:
• Trend: Uptrend but showing signs of exhaustion.
• MACD: Still bullish but momentum is weakening.
• RSI: 53.11, indicating neutral momentum, with a possible shift to downside pressure.
2. 15-Min Chart:
• Trend: Clear downtrend forming.
• MACD: Bearish momentum is strengthening.
• RSI: 42.74, nearing oversold but with room for further decline.
3. 3-Min Chart:
• Trend: Short-term consolidation after a sell-off.
• MACD: Slight bullish divergence but still negative.
• RSI: 44.71, meaning there is no immediate reversal signal yet.
Fundamental Analysis:
• US Dollar Strength: If there is upcoming economic data supporting a stronger USD (such as rising bond yields or hawkish Fed comments), gold could decline further.
• Recent Price Action: Gold has been in a long-term uptrend, but the recent pullback suggests a correction is in play.
Trade Setup:
• Entry: 2878
• Stop Loss (SL): 2892 (14 pips above entry)
• Take Profit (TP): 2850 (28 pips below entry)
• Risk-Reward Ratio (RRR): 2:1 FUSIONMARKETS:XAUUSD
Bearish drop?The Gold (XAU/USD) is reacting off the pivot and could drop to the 1st support.
Pivot: 2,882.07
1st Support: 2,831.19
1st Resistance: 2,917.97
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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