27.02.202512:27 Forex-elemzések és áttekintések: XAU/USD. Analysis and Forecast

Gold continues to trade lower today, falling to a two-week low around $2,880. A modest increase in U.S. Treasury yields is strengthening the U.S. dollar, helping it rebound from its lowest level since December 10.This factor, combined with positive sentiment in the stock markets, is weighing on the precious metal.

However, uncertainty surrounding U.S. President Donald Trump's tariff plans and concerns over a potential trade war are forcing bearish traders to be cautious and seek confirmation that gold has reached its short-term peak as a safe-haven asset. On the other hand, expectations of further interest rate cuts by the Federal Reserve, amid signs of a slowing U.S. economy, may limit gold's downside potential.

For XAU/USD to gain new momentum, traders should wait for upcoming U.S. economic data releases today.

Technical Outlook

The $2,888 level acts as immediate support, followed by the $2,860–$2,855 zone. If gold fails to hold these support levels, it could become vulnerable to further declines, targeting $2,834 and the psychological support at $2,800.

Conversely, any upward movement above the nearest resistance at $2,920 may attract sellers near that level.

A sustained breakout above $2,920 would open the door for further gains toward horizontal resistance at $2,950–$2,955 or even a retest of the record high reached earlier this week.

Additionally, oscillators on the daily chart remain in positive territory, suggesting bullish potential in the medium term.