Gold Intraday: under pressure
Feb 28, 2025 8:05 AM
short positions below 2879.00 with targets at 2850.00 & 2834.00 in extension.
Pivot: 2879.00
Our preference:
short positions below 2879.00 with targets at 2850.00 & 2834.00 in extension.
Alternative scenario:
above 2879.00 look for further upside with 2893.00 & 2905.00 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
2905.00
2893.00
2879.00
2860.13 Last
2850.00
2834.00
2820.00
Our preference:
short positions below 2879.00 with targets at 2850.00 & 2834.00 in extension.
Alternative scenario:
above 2879.00 look for further upside with 2893.00 & 2905.00 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
2905.00
2893.00
2879.00
2860.13 Last
2850.00
2834.00
2820.00
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