Daily Gold Trading Signals (XAU/USD) 17/02/2025

Morning Analysis: 

Daily gold trading signals: Gold prices rose on Monday as the U.S. dollar weakened, with investors awaiting further details on U.S. President Donald Trump’s tariff plans, which could escalate global trade tensions. The World Gold Council (WGC) reported that central banks bought over 1,000 tons of gold for the third year in a row in 2024. After Trump’s election win, central bank gold purchases jumped by more than 54% year-over-year, reaching 333 tons, according to WGC data. Meanwhile, futures on money market Fed funds rates suggest the Federal Reserve is expected to cut rates by 38.5 basis points in 2025. Gold price recovered to the h1 trendline area, will continue to be under selling pressure, trading below 2900. Link

TrendBullish
Buy Zone 2875
Sell Zone 2910
Resistance2,900 to 2,905 to 2,910
Support2870 to 2875 to 2880
Performance of Day’s SignalBullish (H1-H4)
Insights for TomorrowBullish

– Key News Impact:

– Signal:

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