GOLD → Price is in consolidation and getting ready to go to $3K

24 feb

XAUUSD is preparing to continue its growth. Consolidation is forming against strong resistance. The dollar in the correction phase continues to update the lows....

Gold is consolidating near 2945-2955, remaining cautious due to Trump's tariff threats and waiting for US inflation data. Which technically increases the chances of continued gains.
Optimism in the markets is supported by upcoming US-Russia talks on Ukraine, new Chinese measures and the victory of conservatives in Germany.
Weak dollar and expectations of Fed rate cuts support gold, but rising risk appetite reduces its attractiveness

Resistance levels: 2946.5, 2954.5
Support levels: 2935, 2921

Technically, the focus is on 2946.5. If the bulls are able to break this level, the resistance ahead at 2954.5 will not seem so strong. In this case, the price will continue its growth to 2969 - 3K
But, before further growth, as gold is still in consolidation, the price may test the liquidity zone 2935 - 2921.

Regards R. Linda!

24 feb

Trade attivo

The market decided to go through a false breakdown of support.
The maneuver forms the price rebound and the price tests the resistance.
If the bulls consolidate above 2946 - 2954, then we can expect further growth to 3K