Gold Intraday: key resistance at 2906.00
Feb 17, 2025 5:59 AM
short positions below 2906.00 with targets at 2877.00 & 2864.00 in extension.
Pivot: 2906.00
Our preference:
short positions below 2906.00 with targets at 2877.00 & 2864.00 in extension.
Alternative scenario:
above 2906.00 look for further upside with 2922.00 & 2940.00 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 2906.00.
Supports and resistances:
2940.00
2922.00
2906.00
2899.13 Last
2877.00
2864.00
2850.00
Our preference:
short positions below 2906.00 with targets at 2877.00 & 2864.00 in extension.
Alternative scenario:
above 2906.00 look for further upside with 2922.00 & 2940.00 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 2906.00.
Supports and resistances:
2940.00
2922.00
2906.00
2899.13 Last
2877.00
2864.00
2850.00
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