Vea también
18.02.2025 12:35 PM
Gold continues to show intraday growth, confidently holding above the key $2900 level. Investors remain cautious due to the potential escalation of global trade tensions, driven by the protectionist policies of U.S. President Donald Trump.
Expectations of Federal Reserve rate cuts, supported by unexpectedly weak U.S. retail sales and inflation signals, are also boosting demand for the precious metal. However, the delay in retaliatory tariffs and optimism surrounding negotiations to end the Russia-Ukraine conflict are maintaining a generally positive market sentiment.
At the same time, the rise in U.S. Treasury yields is helping the dollar recover from its lowest level since December 17, which is limiting further upside for gold.
Fundamental factors continue to favor bullish momentum, suggesting that any pullback could be viewed as a buying opportunity.
From a technical perspective, oscillators on the daily chart remain in positive territory, indicating that the path of least resistance is still upward. However, the daily RSI is approaching overbought territory, signaling potential resistance near the $2925–$2930 range. A break above this area would open the door toward the historical high of $2942–$2943 and beyond.
On the other hand, any weakness below the $2900 level is likely to find support at $2880. Further declines toward $2860–$2855 could be considered as buying opportunities, helping to limit losses to $2834. However, a break below this level could trigger a technical sell-off, leading to further declines toward $2815, then the key psychological level of $2800, with additional support around $2785–$2784.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
