Bears take profits - continue to accumulate ! 26 Feb
53
XAU / USD trend forecast February 26, 2025
⚠️ Late Tuesday, President Donald Trump signed another Executive Order, directing the US Commerce Department to initiate a formal investigation into the Copper markets. This move underscores the administration's heightened focus on trade policies and market regulation.
On Monday evening, Trump reaffirmed that tariffs on Canadian and Mexican imports remain "on time and on schedule," despite ongoing efforts by both nations to strengthen border security and curb the influx of fentanyl into the United States ahead of the crucial March 4 deadline, as reported by Reuters.
Meanwhile, consumer sentiment in the US took a significant hit, with confidence levels plunging to 98.3 in February from the previous reading of 105.3—the steepest decline recorded since August 2021, according to data released by the Conference Board.
⚠️ Short-term downtrend, down to 2900 accumulation zone, maintaining long-term H4 uptrend
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