Gold Intraday: consolidation in place
Feb 25, 2025 12:22 PM
short positions below 2949.00 with targets at 2924.00 & 2916.00 in extension.
Pivot: 2949.00
Our preference:
short positions below 2949.00 with targets at 2924.00 & 2916.00 in extension.
Alternative scenario:
above 2949.00 look for further upside with 2956.00 & 2962.00 as targets.
Comment:
as long as 2949.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2962.00
2956.00
2949.00
2939.13 Last
2924.00
2916.00
2907.00
Our preference:
short positions below 2949.00 with targets at 2924.00 & 2916.00 in extension.
Alternative scenario:
above 2949.00 look for further upside with 2956.00 & 2962.00 as targets.
Comment:
as long as 2949.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2962.00
2956.00
2949.00
2939.13 Last
2924.00
2916.00
2907.00
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