Gold Intraday: key resistance at 2906.00
Feb 17, 2025 7:58 AM
short positions below 2906.00 with targets at 2887.00 & 2877.00 in extension.
Pivot: 2906.00
Our preference:
short positions below 2906.00 with targets at 2887.00 & 2877.00 in extension.
Alternative scenario:
above 2906.00 look for further upside with 2922.00 & 2940.00 as targets.
Comment:
as long as 2906.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2940.00
2922.00
2906.00
2899.18 Last
2887.00
2877.00
2864.00
Our preference:
short positions below 2906.00 with targets at 2887.00 & 2877.00 in extension.
Alternative scenario:
above 2906.00 look for further upside with 2922.00 & 2940.00 as targets.
Comment:
as long as 2906.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2940.00
2922.00
2906.00
2899.18 Last
2887.00
2877.00
2864.00
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Gold
3642.720
9.110
+0.25%
