Gold Spot / U.S. Dollar
Short
Updated

XAU Scalping - trendline and move down

113
XAU / USD trend forecast February 26, 2025, SCALPING

⚠️ According to the Conference Board, U.S. consumer confidence experienced its sharpest decline since August 2021, dropping to 98.3 in February from the previous reading of 105.3.

Richmond Fed President Thomas Barkin stated late Tuesday that he intends to take a cautious, wait-and-see approach to monetary policy, emphasizing the need for clear evidence that inflation is returning to the Fed’s 2% target before making any adjustments to interest rates.

Meanwhile, Dallas Fed President Lorie Logan suggested that, in the medium term, it would be prudent for the Federal Reserve to prioritize purchasing shorter-term securities over longer-term ones. This strategy, she noted, would enable the Fed’s portfolio to better align with the structure of Treasury issuance, as reported by Bloomberg

⚠️ Gold is in a correction phase, decreasing in price H1. Touching the trendline and following a short-term downtrend.

🚨/// SELL XAU : zone 2916-2919

SL: 2922

TP: 50 - 100 - 150pips (2904)



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