Gold Intraday: under pressure
Feb 28, 2025 7:44 PM
short positions below 2866.00 with targets at 2834.00 & 2820.00 in extension.
Pivot: 2866.00
Our preference:
short positions below 2866.00 with targets at 2834.00 & 2820.00 in extension.
Alternative scenario:
above 2866.00 look for further upside with 2879.00 & 2893.00 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
2893.00
2879.00
2866.00
2848.50 Last
2834.00
2820.00
2800.00
Our preference:
short positions below 2866.00 with targets at 2834.00 & 2820.00 in extension.
Alternative scenario:
above 2866.00 look for further upside with 2879.00 & 2893.00 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
2893.00
2879.00
2866.00
2848.50 Last
2834.00
2820.00
2800.00
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