empty
31.01.2025 01:46 PM
XAU/USD. Analysis and Forecast

This image is no longer relevant

Yesterday, gold prices reached a new historical high, and today they remain close to that level. Investors are concerned about the potential economic consequences of President Donald Trump's tariff policies, which—along with geopolitical tensions—continue to support demand for gold as a safe-haven asset. Expectations that Trump's protectionist policies could drive higher inflation are also increasing interest in hedging through precious metals.

On the other hand, the Federal Reserve's first pause since the start of its easing cycle in September, coupled with a relatively hawkish stance, has led to a slight rebound in U.S. Treasury yields. This provides support for the U.S. dollar, limiting further upward potential for gold prices. Traders should exercise caution and wait for the release of the U.S. PCE Price Index before making new decisions on XAU/USD.

Technical Outlook

A sustained rally and a breakout above the key $2,800 level could serve as a bullish trigger. However, the daily RSI is approaching overbought territory, suggesting that it may be prudent to wait for a short-term consolidation or a moderate pullback before entering new long positions.

In case of a correction, support is expected in the $2,773–$2,772 zone, with additional support at $2,757–$2,756. A break below this area could lead to a deeper decline, potentially towards $2,740 and key structural support at $2,725–$2,720. A decisive drop below this range could set the stage for a more significant downside move in the near term.

This image is no longer relevant

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

AUD/USD: Analysis and Forecast

The AUD/USD pair has been rising for the third consecutive day, as the U.S. dollar remains under pressure for the third straight session amid growing concerns over a potential U.S

Irina Yanina 12:37 2025-03-05 UTC+2

Market may rebound after series of falls

The rally did not last long, and neither did the S&P 500. From the US presidential election to its February highs, the broad stock index gained over $3.4 trillion

Marek Petkovich 12:30 2025-03-05 UTC+2

USD/CAD: The Pair Declines Amid the Implementation of Trump's New Tariffs

For the second consecutive day, USD/CAD continues its downward movement. The U.S. dollar remains under pressure due to growing concerns about an economic slowdown, fueled by the impact

Irina Yanina 12:30 2025-03-05 UTC+2

Will the New Economic Policy Boost U.S. Economic Growth? (Potential for Renewed Gold Price Increases and a Decline in USD/JPY)

Yesterday, investors anxiously awaited the much-anticipated speech by Donald Trump, which, as expected, featured sharp criticism of Joe Biden's presidency and grand promises of generating "trillions and trillions" of dollars

Pati Gani 12:23 2025-03-05 UTC+2

What to Pay Attention to on March 5? A Breakdown of Fundamental Events for Beginners

On Wednesday, several important macroeconomic events are scheduled, primarily in the service sector with PMI indices being released for the UK, the U.S., and the Eurozone. These reports are particularly

Paolo Greco 06:33 2025-03-05 UTC+2

GBP/USD Pair Overview – March 5: The Market is Seeking Refuge—From Trump's Policies

On Tuesday, the GBP/USD currency pair gained another 80 pips, following a 120-pip increase the day before. In just two days, the U.S. dollar has weakened by nearly 200 pips

Paolo Greco 04:18 2025-03-05 UTC+2

EUR/USD Pair Overview – March 5: Upward Correction or Global Reversal?

The EUR/USD currency pair rose by a total of 110 pips on Monday and gained an additional 60 pips before the start of the U.S. trading session on Tuesday

Paolo Greco 04:17 2025-03-05 UTC+2

Bitcoin's dead cat bounce: a brief glimmer before continued weakness

Donald Trump's mention of a strategic reserve seemed to bring Bitcoin back to life. In reality, however, the BTC/USD rally in early March turned out to be nothing more than

Marek Petkovich 12:16 2025-03-04 UTC+2

XAU/USD. Analysis and Forecast

Gold has been showing positive momentum for the second consecutive day. Bulls have pushed the price above the key $2900 level, driven by geopolitical risks and concerns over the economic

Irina Yanina 11:50 2025-03-04 UTC+2

The Market Goes All-In

The U.S. president is playing big. The S&P 500 recorded its worst drop of 2025 in response to the White House imposing tariffs against Mexico and Canada. For a long

Marek Petkovich 10:25 2025-03-04 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.