Market Analysis and Forecasts
February 21, 2025
Major Currencies:
XAU/USD
Analysis: Gold has surged to an all-time high above $2,950 per ounce, driven by concerns over global trade policies and lower US Treasury yields. Despite overbought conditions, gold remains in a strong uptrend, as demand for safe-haven assets continues to support prices.
The short-term outlook remains bullish, with immediate resistance at $2,950. A sustained move above this level could drive prices toward the psychological barrier of $3,000. On the downside, key support levels are at $2,930 and $2,900. A break below these levels could trigger a deeper correction towards $2,880 and beyond.
Key Levels:
*For full analysis and AutoRebateForeX cash backs, check below:
https://autorebateforex.com/market-news/market-analysis-and-forecast-for-february-21-2025/
February 21, 2025
Major Currencies:
XAU/USD
Analysis: Gold has surged to an all-time high above $2,950 per ounce, driven by concerns over global trade policies and lower US Treasury yields. Despite overbought conditions, gold remains in a strong uptrend, as demand for safe-haven assets continues to support prices.
The short-term outlook remains bullish, with immediate resistance at $2,950. A sustained move above this level could drive prices toward the psychological barrier of $3,000. On the downside, key support levels are at $2,930 and $2,900. A break below these levels could trigger a deeper correction towards $2,880 and beyond.
Key Levels:
- Support: 2,930, 2,900, 2,880, 2,855, 2,834
- Resistance: 2,950, 3,000
*For full analysis and AutoRebateForeX cash backs, check below:
https://autorebateforex.com/market-news/market-analysis-and-forecast-for-february-21-2025/
