FPG XAUUSD Market Report February 18, 2025

FPG XAUUSD Market Report February 18, 2025

Gold (XAUUSD) continues its strong bullish trend, recently testing the 2899.28 level, which aligns with the 100% Fibonacci extension. The price remains above key Fibonacci retracement levels, reinforcing bullish momentum on the weekly timeframe.

XAUUSD remains in a well-defined uptrend, consistently forming higher highs and higher lows. Price action is currently testing the 2899.28 resistance, which is a significant psychological and technical barrier. The 61.8% Fibonacci retracement level at 2728.85 has acted as a key demand zone in previous pullbacks, making it a crucial support level for trend continuation. If price fails to break above 2899.28, a temporary retracement toward 2800.00 or 2728.85 is possible before resuming the uptrend.

Momentum indicators remain bullish, with the MACD staying in positive territory, confirming strong buying pressure. However, there are early signs of momentum flattening, suggesting a possible short-term consolidation before another push higher. A confirmed breakout above 2899.28 could drive gold toward the 2950.00 range, while failure to do so may lead to a temporary pullback before resuming the bullish trend.

Market Observation & Strategy Advice:

1. Resistance: 2899.28 (100% Fibonacci extension) – A breakout above this level could extend the rally toward 2950.00

2. Key Support: 2728.85 (61.8% Fibonacci retracement) – As long as gold remains above this level, the bullish trend remains intact.

3. Momentum: MACD remains in positive territory, but traders should watch for any weakening momentum.

4. Trading Strategy: Buy on dips near 2750.00, targeting 2899.28 and beyond; Sell on confirmed rejection at 2899.28, targeting a pullback towards 2800.00.

5. Risk Management: Stop-loss for long positions below 2700.00; Stop-loss for short positions above 2920.00.

Market Performance:

Commodities Last Price % Change

USOUSD 71.15 -0.25%

XAGUSD 32.28 -0.37%

Today's Key Economic Calendar:

AU: RBA Interest Rate Decision

UK: Unemployment Rate

DE: ZEW Economic Sentiment Index

CA: Inflation Rate YoY

Risk Disclaimer This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.