Gold Bullish trend continues - 14-Fe-2025
Gold’s recent bull run from 2929 to 2950 signals strong bullish momentum, and future price action will likely be dictated by key technical levels and market sentiment.
Short-Term Outlook:
Initial Support at 2930: After testing 2938, a pullback to 2930 showed that buyers were still in control, absorbing selling pressure before the next leg up. This level now serves as a critical support zone for future price action.
Resistance at 2950: The recent spike to 2950 indicates strong buying interest. A decisive break above this level could trigger further upside, potentially targeting 2965–2970 in the short term.
Potential Scenarios:
Bullish Breakout: If gold maintains support above 2930 and clears 2950 with strong volume, the next targets will be 2965 and 2980, with a potential push toward the psychological 3000 mark.
Consolidation Phase: If gold struggles to break above 2950, it may consolidate between 2930–2950, forming a new base before the next move.
Correction and Retest: A break below 2930 could see a deeper correction toward 2920–2915, where buyers might step in to reignite the bullish trend.
Fundamental & Market Drivers:
Geopolitical & Economic Uncertainty: Safe-haven demand could push gold higher.
Interest Rates & Inflation Data: A dovish stance from central banks may support further bullish movement
Short-Term Outlook:
Initial Support at 2930: After testing 2938, a pullback to 2930 showed that buyers were still in control, absorbing selling pressure before the next leg up. This level now serves as a critical support zone for future price action.
Resistance at 2950: The recent spike to 2950 indicates strong buying interest. A decisive break above this level could trigger further upside, potentially targeting 2965–2970 in the short term.
Potential Scenarios:
Bullish Breakout: If gold maintains support above 2930 and clears 2950 with strong volume, the next targets will be 2965 and 2980, with a potential push toward the psychological 3000 mark.
Consolidation Phase: If gold struggles to break above 2950, it may consolidate between 2930–2950, forming a new base before the next move.
Correction and Retest: A break below 2930 could see a deeper correction toward 2920–2915, where buyers might step in to reignite the bullish trend.
Fundamental & Market Drivers:
Geopolitical & Economic Uncertainty: Safe-haven demand could push gold higher.
Interest Rates & Inflation Data: A dovish stance from central banks may support further bullish movement
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.
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.