correction - move along short downtrend line

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XAU / USD trend forecast February 24, 2025

⚠️ Gold prices (XAU/USD) edge lower toward the $2,925 mark during Monday’s Asian trading session, as the precious metal retreats from its record peak amid profit-taking. However, lingering uncertainty and apprehensions surrounding US President Donald Trump's tariff policies could limit further downside movement. After touching an all-time high of $2,954 last week, the yellow metal encounters some selling pressure. "This is a typical pattern following new record highs, with traders securing profits... yet the fundamental outlook for gold remains robust," noted Alex Ebkarian, Chief Operating Officer at Allegiance Gold.

⚠️ Gold is moving in the downtrend line on H1 frame, trading sideways above 2920

🚨/// SELL XAU : zone 2951-2954

SL: 2959

TP: 50 - 150 - 300pips (2924)


🚨/// BUY XAU : zone 2906-2909

SL: 2901

TP: 50 - 150 - 300pips (2936)

Safe and profitable trading

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Gold price reached 2948 and decreased, sideway around 2940-2950 in the European session

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Nice profit , + 235 pips signal SELL 2951-2954 , amazing