Gold Intraday: the downside prevails
Feb 27, 2025 9:57 AM
short positions below 2909.00 with targets at 2862.00 & 2850.00 in extension.
Pivot: 2909.00
Our preference:
short positions below 2909.00 with targets at 2862.00 & 2850.00 in extension.
Alternative scenario:
above 2909.00 look for further upside with 2920.00 & 2928.00 as targets.
Comment:
the RSI calls for a new downleg.
Supports and resistances:
2928.00
2920.00
2909.00
2880.44 Last
2862.00
2850.00
2841.00
Our preference:
short positions below 2909.00 with targets at 2862.00 & 2850.00 in extension.
Alternative scenario:
above 2909.00 look for further upside with 2920.00 & 2928.00 as targets.
Comment:
the RSI calls for a new downleg.
Supports and resistances:
2928.00
2920.00
2909.00
2880.44 Last
2862.00
2850.00
2841.00
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