Gold Price Forecast: XAU/USD surges and reached a 14-month-old highs at $1974, though stabilized around $1919
24.02.2022, 19:02

Gold Price Forecast: XAU/USD surges and reached a 14-month-old highs at $1974, though stabilized around $1919

  • Gold printed a 14-month-old fresh high around $1,974 amid the Ukraine – Russia war escalation.
  • US Treasury yields fell, though the US Dollar strengthened across the board.
  • XAU/USD Price Forecast: If bulls hold above the $1916 mark, they could remain hopeful of reaching higher prices.

Gold (XAU/USD) climbs in the North American session, thought retreats from 14-months daily highs at $1,974.48, as the Ukraine – Russia conflict escalated, with Russia invading Ukraine, as a growing appetite for safe-haven assets increases, to the detriment of riskier assets. At press time, XAU/USD is trading at $1,919.50.

In the meantime, the US Treasury yields fall as the appetite for US Treasuries thrives. The US 10-year T-note yield dwindles six basis points sits at 1.918%, a headwind for the non-yielding metal. Contrarily, the greenback remains bid, moving in tandem with XAU/USD, with the US Dollar Index up 1.08%, currently at 97.23, retreating from the 97.73 level, last seen in July 2021.

How is Russian-Ukraine war impacting financial markets? Follow our live coverage updates

XAU/USD Price Forecast: Technical outlook

XAU/USD is upward biased, as depicted by the daily chart. Gold bull’s pushed the price towards a daily high at $1,974.78 and, on its way north, broke June 2021 highs at $1,916.60. If XAU bulls achieve a daily close above the latter, they could remain hopeful of keeping spot gold trading in the $1,916-$1,959 area.

The XAU/USD first resistance would be June 6 daily high at $1,959.06. Breach of the latter would expose February 24 daily high at $1,974.78, followed by a move towards $2,000.

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik