empty
 
 
13.02.2025 10:08 AM
GOLD: Risk of Price Decline

Recent news about negotiations between Russia and the U.S. concerning Ukraine has generated significant interest in the information space. The market is still processing this development, but the initial response has been positive. This shift could lead to a reduction in tensions between the U.S. and Russia, which may result in decreased demand for gold as a safe-haven asset. If this trend continues, we could see a notable decline in gold prices in the near future.

Technical Outlook and Trading Idea:

This image is no longer relevant

The current price is above the middle line of the Bollinger Bands and is also above both the SMA 5 and SMA 14. The RSI is below the overbought zone, suggesting that bullish momentum is weakening. Additionally, the Stochastic oscillator is crossing within the overbought zone.

As negotiations commence between Moscow and Washington regarding the Ukrainian crisis, there is a high probability of a price drop towards the 2879.50 level.

Pati Gani,
Analytical expert of InstaForex
© 2007-2025
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
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback