XAU / USD trend forecast February 27, 2025
⚠️ The price of gold (XAU/USD) sees modest gains, hovering near $2,920 in the early Asian session on Thursday. Ongoing trade tensions and economic uncertainty sustain the appeal of safe-haven assets like gold.
Late Wednesday, US President Donald Trump reaffirmed his commitment to imposing 25% tariffs on imports from Canada and Mexico while also including the European Union (EU) among the nations facing trade penalties. Trump further stated that the tariffs on Canadian and Mexican goods are set to take effect on April 2.
⚠️ Sideway price range 2890 - 2920, price continues to maintain above 2900, the uptrend is still accumulated and heading towards 3000, the market is waiting for important news to continue to increase strongly
🚨/// SELL XAU : zone 2938-2941
SL: 2946
TP: 50 - 150 - 300pips (2911)
🚨/// BUY XAU : zone 2901-2898
SL: 2893
TP: 50 - 150 - 300pips (2928)
Safe and profitable trading