Gold outlook

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Gold is gradually increasing in value, slowly climbing towards the 3000.00 mark. This upward movement suggests growing investor interest or a response to economic conditions, such as inflation concerns, geopolitical tensions, or a weaker U.S. dollar.

Economic Calendar Analysis


Volatility is expected to remain normal, further continuation against inflation may continue.


XAU/USD short-term forecast



New price resistance level of 2935.00 has been found. Consolidation phase may persist in the shorter time frame. Increased uncertainty amplified by U.S. President Donald Trump could act as a catalyst for further price momentum, potentially pushing gold towards 3000.00.

Hourly Chart

XAU/USD daily charts review

Gold could continue its upward momentum, with further price discovery potentially pushing it towards 3000.00. This would indicate sustained bullish sentiment, driven by factors like market uncertainty and inflation concerns. If the 2900.00 level is broken, a move towards 2788.00 could be a plausible scenario.

Daily Candle Chart


Traders going long

On Monday, 63% of volume was in long positions. Traders are going long.

Meanwhile, in the 1000 point range around the latest price, the pending orders were 20% to sell the metal.

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Mon, 24 Feb 2025 09:07:09 GMT

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