Market View: Tuesday, February 24, 2026
The US dollar suffered losses following tariff developments; gold declined after reaching the $5,240 resistance level; the EURUSD remains volatile, without a clear trend; Bitcoin slid below $64,000.
- The USD recovered after developments in US tariff restrictions reduced safe-haven demand for the greenback. However, uncertainty around tariffs and trade policy limits sustained dollar strength.
- Gold returned to the consolidation phase amidst trade tensions and geopolitical uncertainty. Pullbacks are currently seen as profit-taking rather than trend reversal.
- The EURUSD movements are largely driven by the dollar sentiment rather than the euro’s fundamentals.
- Bitcoin dipped again as the risk assets were under pressure due to trade tensions.
Today’s focus
| US CB Consumer Confidence due at 17:00 MT time |
FX snapshot
XAUUSD
The pair hovers within a narrow $5,160–$5,170 range, having declined from the recent month-high of $5,240. But the medium-term bullish structure remains intact.
EURUSD
The pair returned to its mid-Friday trading area of 1.17800. It managed to surge to 1.18350 late Friday night on the US Supreme Court’s decision on Trump’s tariffs, but quickly lost its steam.
BTC
Bitcoin is likely to be approaching its $60,000 low, lacking strong momentum.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 5,160 | 5,240 | Neutral-to-bullish |
| EURUSD | 1.17700 | 1.18000 | Neutral-to-bearish |
| BTC | 62,000 | 65,000 | Bearish |
Market sentiment
Tension and hesitation are clearly seen within the market. It dislikes any unpredictability - but that’s exactly what the current agenda is about. Investors turned defensive, and risk assets are fragile.
