Gold Intraday: consolidation in place
Feb 21, 2025 12:15 PM
short positions below 2945.00 with targets at 2915.00 & 2904.00 in extension.
Pivot: 2945.00
Our preference:
short positions below 2945.00 with targets at 2915.00 & 2904.00 in extension.
Alternative scenario:
above 2945.00 look for further upside with 2955.00 & 2968.00 as targets.
Comment:
as long as 2945.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2968.00
2955.00
2945.00
2927.97 Last
2915.00
2904.00
2892.00
Our preference:
short positions below 2945.00 with targets at 2915.00 & 2904.00 in extension.
Alternative scenario:
above 2945.00 look for further upside with 2955.00 & 2968.00 as targets.
Comment:
as long as 2945.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
2968.00
2955.00
2945.00
2927.97 Last
2915.00
2904.00
2892.00
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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Gold
3642.720
9.110
+0.25%
