📊 XAUUSD (Gold/USD) Forecast for February 27, 2025
Current price: $2886.47
Technical Analysis:
• Support level: $2876
• Resistance level: $2900
Indicators:
• A sharp price drop is visible, but oversold indicators suggest a potential bounce.
• Bearish momentum may slow down, depending on upcoming economic data.
Fundamental Factors:
• The US dollar is strengthening due to rising Treasury yields.
• Traders are awaiting the US PCE report — volatility is expected.
Possible Scenarios:
1️⃣ Bullish scenario:
• A bounce from $2876 could push the price towards $2900.
• A breakout above $2900 may open the way to $2915.
2️⃣ Bearish scenario:
• A break below $2880 might drag the price down to $2865.
Current price: $2886.47
Technical Analysis:
• Support level: $2876
• Resistance level: $2900
Indicators:
• A sharp price drop is visible, but oversold indicators suggest a potential bounce.
• Bearish momentum may slow down, depending on upcoming economic data.
Fundamental Factors:
• The US dollar is strengthening due to rising Treasury yields.
• Traders are awaiting the US PCE report — volatility is expected.
Possible Scenarios:
1️⃣ Bullish scenario:
• A bounce from $2876 could push the price towards $2900.
• A breakout above $2900 may open the way to $2915.
2️⃣ Bearish scenario:
• A break below $2880 might drag the price down to $2865.
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.