Happy Friday, dear traders! Today we come with the world-famous trading pair: yes, it’s Gold. Let’s dive into the analysis without delay.

Gold (XAUUSD) Technical Analysis and Trading Signals By Guriforex for February 14

Gold (XAUUSD) remains extremely bullish, with prices testing a key resistance level at 2935. This level has acted as an important barrier, and a confirmed breakout could drive gold toward 2963, aligning with the current market sentiment favoring safe-haven assets.

📊 XAUUSD Key Market Insights & Technical Analysis

Gold Bullish Trend:

XAUUSD continues to move within an ascending channel, reflecting strong buying momentum. Recent pullbacks have been supported by higher lows, indicating steady demand.

Key Level at 2935:

This zone has been tested multiple times, and a breakout above this level could trigger more upside movement. Traders should watch for strong bullish candles to confirm the breakout.

Target Price 2963:

Given the ongoing bullish sentiment, a successful break above 2935 could lead to a move toward 2963, making it a solid profit-taking level.

XAUUSD Stop Loss 2923:

A safety stop is placed at 2923 to minimize risks in case of a sudden reversal.

Global Market Sentiment:

• U.S. Economic Data: Recent inflation reports and Federal Reserve statements suggest that interest rates could remain steady, providing continued support for XAUUSD.
• Geopolitical Tensions: Rising uncertainty in global markets has strengthened demand for safe-haven assets like gold.
• Weaker USD: A weaker dollar often boosts gold prices, and recent DXY movements indicate a softer outlook for the greenback.

📈 Gold Trading Plan – Bullish Scenario

🟢 BUY GOLD (XAUUSD) if price sustains above 2935
🎯 Target Profit (TP): 2963
🔴 Stop Loss (SL): 2923

💡 Strategy: A confirmed breakout and retest of 2935 as support could provide an ideal buying opportunity. Watch for volume confirmation before entering.

💬 What’s Your View on XAUUSD?

Will XAUUSD break higher toward 2963, or do you see a reversal coming? Share your thoughts below!

🔥 If you’re bullish on XAUUSD, hit 📈📈📈! 🔥