Gold Market Outlook 19 February 2025

Gold Market Outlook 19 February 2025

Gold bars on a red background with a bar graph, representing the AI trading market and the gold trading news.

Article by: ETO Markets

Gold prices (XAU/USD) faced some selling pressure during the Asian session on Wednesday, partially erasing the previous day's strong gains near record highs. The decline was driven by profit-taking amid a generally positive risk sentiment, which reduced demand for safe-haven assets. However, concerns over former US President Donald Trump’s tariff policies continue to support gold prices. Additionally, expectations of further interest rate cuts by the Federal Reserve, fuelled by disappointing US Retail Sales data and mixed inflation signals, limit the US Dollar's recovery and provide a floor for gold. Fed Funds Futures indicate a 40-basis point rate cut by year-end, keeping traders cautious ahead of the Federal Open Market Committee (FOMC) meeting minutes. Investors are closely watching these minutes for insights into the Fed’s monetary policy outlook, particularly regarding interest rate cuts, which could influence gold’s price movement. 

From a technical perspective, gold's current range-bound movement suggests a bullish consolidation following its recent rally to an all-time high. The daily RSI remains near overbought levels, indicating the possibility of continued consolidation, but the overall bias still favours the upside. Key support levels are seen at $…, with additional support around $… and the $…-$… zone. A decisive break below these levels could trigger technical selling, potentially dragging XAU/USD towards $…, $…, and further down to $…. On the upside, the $… region remains a strong resistance level. A breakout above this could fuel further bullish momentum, reinforcing the ongoing uptrend observed over the past two months. 


Want completely chart technical analysis
and trade recommendations on XAUUSD?

Want completely chart technical analysis
and trade recommendations on XAUUSD?

Want completely chart technical analysis
and trade recommendations on XAUUSD?

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The information provided on this website is general in nature only and does not constitute personal financial advice. Please note that investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You don’t own, or have, any interest in the underlying assets. Any information or general financial product advice given is generic in nature and does not take into account your financial situation, needs or personal objectives. Past performance is not a reliable indicator of future performance. Investing in leveraged products carries significant risks. We recommend that you seek independent advice and ensure that you fully understand the risks involved before trading. It is important that you read and consider our disclosure documents
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Disclaimer

ETO Markets Limited is registered in Seychelles with Company Number 850672-1 and authorised by the Financial Services Authority (FSA), Licence Number SD062; ETO Markets LLC is registered in Saint Vincent and the Grenadines with Company Number 3286LLC2023.


The information provided on this website is general in nature only and does not constitute personal financial advice. Please note that investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You don’t own, or have, any interest in the underlying assets. Any information or general financial product advice given is generic in nature and does not take into account your financial situation, needs or personal objectives. Past performance is not a reliable indicator of future performance. Investing in leveraged products carries significant risks. We recommend that you seek independent advice and ensure that you fully understand the risks involved before trading. It is important that you read and consider our disclosure documents
(Privacy Policy & Risk Disclosure) before you acquire any product.

2024 ETO Markets | All rights reserved

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Disclaimer

ETO Markets Limited is registered in Seychelles with Company Number 850672-1 and authorised by the Financial Services Authority (FSA), Licence Number SD062; ETO Markets LLC is registered in Saint Vincent and the Grenadines with Company Number 3286LLC2023.


The information provided on this website is general in nature only and does not constitute personal financial advice. Please note that investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You don’t own, or have, any interest in the underlying assets. Any information or general financial product advice given is generic in nature and does not take into account your financial situation, needs or personal objectives. Past performance is not a reliable indicator of future performance. Investing in leveraged products carries significant risks. We recommend that you seek independent advice and ensure that you fully understand the risks involved before trading. It is important that you read and consider our disclosure documents
(Privacy Policy & Risk Disclosure) before you acquire any product.

2024 ETO Markets | All rights reserved

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