XAUUSD (Gold) analysis - My point of View - IST 17.40 Pm - Rupeedesk Share Market Training Chennai - 25.02.2025

XAUUSD (Gold) analysis - My point of View - IST 17.40 Pm - Rupeedesk Share Market Training Chennai - 25.02.2025

Stock Market Training : Join Whatsapp : 9841986753 

Share Market Traning : Join Whatsapp : 9841986753

 BankNifty Options Training Tips 

 Join Whatsapp : 9841986753

XAUUSD (Gold) analysis - My point of View - IST 17.40 Pm - Rupeedesk Share Market Training Chennai - 25.02.2025

XAUUSD (Gold) analysis - My point of View - IST 17.40 Pm - Rupeedesk Share Market Training Chennai - 25.02.2025

XAUUSD (Gold) analysis - My point of View - IST 17.40 Pm - Rupeedesk Share Market Training Chennai - 25.02.2025

XAUUSD (Gold) analysis - My point of View - IST 17.40 Pm - Rupeedesk Share Market Training Chennai - 25.02.2025

XAU/USD (Gold) analysis - My point of View  - 25.02.2025 - IST 17.40 Pm 

Chart Pattern:

* Higher highs and higher lows indicate a strong uptrend.

* Bullish channel formation with slight consolidation near $2,940-$2,950.

* Rounding bottom near $2,580-$2,600, which led to the current rally.

* Possible flag formation near $2,940-$2,950, indicating a breakout or retracement.

Trend Analysis:

* Strong bullish trend since mid-December.

* Price is above the 50, 100, and 200 moving averages, showing sustained buying pressure.

* Minor resistance at $2,950-$2,970.

* Major support at $2,880-$2,900.

Dow Theory Analysis:

* Market is in the mark-up phase, with continuous demand pushing prices higher.

* Higher highs and higher lows confirm an ongoing uptrend.

* If price sustains above $2,950, further bullish movement is likely.

Upcoming XAU/USD Events:

* US Federal Reserve (FOMC) Minutes – Could impact USD strength, affecting gold.

* US Inflation Data (CPI, PPI) – Higher inflation may drive gold prices up.

* US Non-Farm Payrolls (NFP) – A weaker jobs report may boost gold as a safe-haven asset.

Observations:

* RSI at 52.21 – Neutral zone, no overbought/oversold conditions.

* Momentum at 100.32 – Showing strong bullish momentum.

* Potential resistance at $2,950-$2,970, which could trigger either a breakout or a pullback.

Intraday - Swing Trade Analysis:

* Intraday (Next 24 Hours)

* Buy above $2,950, Target $2,970, Stop-loss $2,930.

* Sell below $2,920, Target $2,900, Stop-loss $2,940.

Swing Trade (Next 1-2 Weeks)

* Buy on dips near $2,900-$2,920, Target $3,000.

* Sell if price breaks below $2,880, targeting $2,850.

* Short-Term Predictions (Next Few Weeks):

* Bullish bias if gold stays above $2,900-$2,920.

* A breakout above $2,950-$2,970 could push gold towards $3,000.

* A breakdown below $2,880 could lead to a short-term correction.

Trend Confirmation Indicators

To confirm the bullish trend, 
* RSI > 60 (strong buying pressure).

* Price consistently above 50, 100 EMA (bullish momentum).

* Higher highs and higher lows formation (uptrend validation).

* Break above $2,970 with volume confirms continuation.

To confirm a trend reversal (bearish scenario): 

* RSI < 40 (indicating weakness).

* Price breaks below 100 EMA, signaling a short-term reversal.

* Bearish divergence in RSI or Momentum.

Take Away 

* Gold remains bullish unless it breaks below $2,880-$2,900.

* Intraday traders can scalp buy near $2,920-$2,930.

* Swing traders should wait for a breakout above $2,950-$2,970 for a move to $3,000.

Disclaimer: This analysis is for educational purposes only and not financial advice. Please conduct your own research before making investment decisions.

Stock Market Training - Whatsapp -9841986753

 Online Stock Market Traning :  Whatsapp  : 9841986753

One to One Share Market Training  :  Whatsapp  : 9841986753

RUPEEDESK SHARES

Rupeedesk Shares| Share Market Training | Intraday Training | Wealth creation

Stock Market Training for beginners,Technical Analysis on Equity,Commodity,Forex Market,Learn Indian Equity Share Market Share Market Trading Basics: Fundamentals Of Share Market Trading training, Stock Market Basics - Share Market Trading Basics,Share Market Trading Questions/Answers/Faq about Share Market derivatives,rupeedesk,learn and earn share Equity,Commodity and currency market traded in NSE,MCX,NCDEX And MCXSX- Rupeedesk.Contact: 9094047040/9841986753/ 044-24333577, www.rupeedesk.in)