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
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%
