XAUUSD 25.02.2025
-Market Formation:
After updating a new historical record at 2955, serious resistance was formed at this level, probably on the background of “cooling” of the general world conflicts the price will finally enter the consolidation stage. At the moment the price is moving within the ascending channel, but further movement is likely to occur within a wide consolidation range 2955-2925.
-Forecast:
The price is likely to test the current resistance level with the possibility of a local pullback to the nearest support zone (2926-2916). If buying activity persists, upward breakout is possible with further movement to 2960-2980.
-News background:
The main positive background for gold is provided by economic uncertainty, expectations of Fed rate cuts, growing demand from central banks and geopolitical factors. Also the possible soon audit of US gold reserves in Fort Knox may become a new growth driver for gold in the future.
After updating a new historical record at 2955, serious resistance was formed at this level, probably on the background of “cooling” of the general world conflicts the price will finally enter the consolidation stage. At the moment the price is moving within the ascending channel, but further movement is likely to occur within a wide consolidation range 2955-2925.
-Forecast:
The price is likely to test the current resistance level with the possibility of a local pullback to the nearest support zone (2926-2916). If buying activity persists, upward breakout is possible with further movement to 2960-2980.
-News background:
The main positive background for gold is provided by economic uncertainty, expectations of Fed rate cuts, growing demand from central banks and geopolitical factors. Also the possible soon audit of US gold reserves in Fort Knox may become a new growth driver for gold in the future.
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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.