GOLD - Correction to the zone of interest before growth to 5250

Feb 23

XAUUSD continues its steady growth, adding 2% on Friday and another 1% on Monday, reaching new levels of 5176. The driver is the flight to safe-haven assets amid tariff uncertainty and geopolitical risks

After the Supreme Court overturned emergency tariffs, Trump announced new ones: first 10%, then raised to 15% for the whole world. This reinforces the uncertainty factor.
GDP for Q4 slowed to 1.4%, PCE inflation accelerated to 3%. The market still expects two Fed rate cuts this year.
Tariff chaos is weakening the dollar, macroeconomics is signaling stagflation (slowdown + high inflation), and geopolitics is adding tension. In such conditions, demand for safe-haven assets will remain, and the potential for further growth remains high.

Resistance levels: 5176, 5241
Support levels: 5116, 5100, 5080

A false breakdown (retest of the previously broken consolidation border and zone of interest) could trigger a shift in the imbalance towards the buyer, which in turn would lead to a rally in which the market could renew its interim high and head towards 5240.

Best regards, R. Linda!

Feb 23

Trade active

Feb 24

Trade closed: target reached