Happy Monday dear traders, we are here with XAUUSD technical analysis and trading signal. Let’s we dive into the analysis without delay.
XAUUSD (Gold) Technical Analysis & Trading Signal By Guriforex for Today Feb 17, 2025
XAUUSD (Gold ) is currently consolidating around the 2902 level, which serves as a critical entry point for potential bullish movement. The recent price action shows a strong rejection from resistance, indicating that buyers are attempting to regain control. If gold holds above 2902, we could see a move toward 2940 in the coming sessions.
📊 XAUUSD Market Analysis & Technical Insights
Entry Point: 2902 – This level is a key pivot, acting as both support and a potential breakout zone.
Target Profit: 2940 – A resistance level that has been tested before, making it an ideal take-profit zone.
Stop Loss: 2886 – Below this level, gold could experience further downside pressure.
Resistance Zone: The price is testing a well-defined resistance area, which has previously triggered reversals. A break above this resistance could fuel further bullish momentum.
🌎 Global Market Sentiment & Fundamental Factors
Inflation & Federal Reserve Policy:
Recent U.S. inflation data has hinted at potential shifts in the Federal Reserve’s interest rate policies. If inflation remains high, the Fed might maintain a hawkish stance, which could strengthen the U.S. dollar and limit gold’s upside. However, signs of easing inflation could support XAUUSD bullish breakout.
Geopolitical Risks & Safe-Haven Demand:
Uncertainty in the global financial markets, including Middle East tensions and economic slowdowns in key economies, is keeping demand for safe-haven assets like gold strong. Investors often flock to gold in uncertain times, pushing prices higher.
U.S. Dollar & Treasury Yields:
The Dollar Index (DXY) and U.S. Treasury yields are key indicators to watch. A weaker dollar supports gold prices, while rising yields can exert downward pressure.
📈 XAUUSD Trading Plan – Bullish Scenario
🟢 BUY GOLD (XAUUSD) above 2902
🎯 Target Profit (TP): 2940
🔴 Stop Loss (SL): 2886
💡 Confirmation: Look for strong bullish candles and higher trading volumes to validate the breakout. A retest of 2902 as support would provide an additional confirmation for buyers.
💬 What’s Your Outlook on XAUUSD?
Do you think GOLD will break through resistance and hit 2940, or is a pullback likely? Share your thoughts below!
🔥 If you’re bullish on GOLD, hit 📈📈📈! 🔥