Gold Intraday: the downside prevails
Feb 19, 2025 6:56 PM
short positions below 2940.00 with targets at 2904.00 & 2888.00 in extension.
Pivot: 2940.00
Our preference:
short positions below 2940.00 with targets at 2904.00 & 2888.00 in extension.
Alternative scenario:
above 2940.00 look for further upside with 2950.00 & 2965.00 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
2965.00
2950.00
2940.00
2922.47 Last
2904.00
2888.00
2876.00
Our preference:
short positions below 2940.00 with targets at 2904.00 & 2888.00 in extension.
Alternative scenario:
above 2940.00 look for further upside with 2950.00 & 2965.00 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
2965.00
2950.00
2940.00
2922.47 Last
2904.00
2888.00
2876.00
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Gold
2933.81
-5.00
-0.17%