GOLD – Bearish Momentum Below 2918, Eyes on 2895 Breakdown

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GOLD (XAUUSD) Analysis – February 26, 2025

🔸 Bearish Momentum Strengthens Below 2918
Gold remains under bearish pressure, having failed to hold above the pivot level of 2918, reinforcing downside momentum. The price is currently testing lower levels, with an initial target of 2905, followed by 2895.

📉 Bearish Outlook: A 4H or 1H candle close below 2918 will likely accelerate the bearish continuation toward 2905 and 2895, a critical support area where price action may stabilize or extend further downside.

📌 Bullish Recovery: If Gold reclaims 2918 on a 4H candle close, price volatility is expected within the 2918 - 2935 range before confirming the next move. A break and close above 2935 could trigger a push toward 2954 and 2974.

⚠️ Market Impact: With heightened market volatility and ongoing geopolitical uncertainties, investors should monitor key levels closely, as Gold tends to act as a safe-haven asset during economic instability.

Key Levels to Watch:
🔸 Resistance: 2935 | 2945 | 2954
🔹 Pivot Level: 2918
🔻 Support: 2906 | 2895 | 2880

📉 Bias: Bearish below 2918, with a key breakdown level at 2895 to confirm further downside.

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GOLD Update| February 27, 2025

Moving Well +250 PIP and still running...

🔸 Bearish Momentum Strengthens Below 2895

Gold continues to show bearish momentum as we mentioned above, having stabilized below the 2895 level on the 4H timeframe. The price is expected to be 2880, and if a 4H or 1H candle closes below 2873, it could trigger further downside toward 2859.

📉 Bearish Scenario: As long as gold remains below 2895, the bearish trend remains intact, with the next key support levels at 2880 and 2873. A confirmed 4H candle close below 2873 would strengthen the bearish case, potentially driving the price toward 2859 and 2840.

📌 Bullish Reversal: If gold closes a 4H candle above 2895, price action is likely to remain volatile within the 2895 - 2905 range before determining the next move. A breakout above 2905 would shift momentum toward 2918 and 2926.

Key Levels to Watch:
🔸 Resistance Levels: 2905 | 2918 | 2926
🔹 Pivot Point: 2895
🔻 Support Levels: 2873 | 2859 | 2840

Market Sentiment Update
Investor uncertainty remains high due to ongoing tariff discussions ahead of key US economic data.

🔹 Tariff Confusion: President Trump has added uncertainty to the tariff outlook for Canada and Mexico, suggesting that tariffs may now take effect on April 2, rather than the originally planned March 4 deadline.

🔹 EU Trade Tensions: In addition, Trump has proposed a 25% "reciprocal" tariff on EU cars and goods, increasing pressure on global trade relations. This uncertainty is fueling volatility across the markets, including gold.

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📉 GOLD Update 📉

✅ +490 Pips Move as Expected

The price dropped from our pivot line at 2918, confirming the bearish move. To continue the downtrend toward 2,859, the 1H candle must close below 2,873. So it is already closed below it, which means it will continue toward 2859. Otherwise, expect consolidation between 2,873 and 2,895 until a breakout occurs.

🔹 Current Price: 2,876