Gold Intraday: key resistance at 2940.00
Feb 19, 2025 8:35 PM
short positions below 2940.00 with targets at 2915.00 & 2904.00 in extension.
Pivot: 2940.00
Our preference:
short positions below 2940.00 with targets at 2915.00 & 2904.00 in extension.
Alternative scenario:
above 2940.00 look for further upside with 2950.00 & 2965.00 as targets.
Comment:
as long as 2940.00 is resistance, likely decline to 2915.00.
Supports and resistances:
2965.00
2950.00
2940.00
2932.93 Last
2915.00
2904.00
2888.00
Our preference:
short positions below 2940.00 with targets at 2915.00 & 2904.00 in extension.
Alternative scenario:
above 2940.00 look for further upside with 2950.00 & 2965.00 as targets.
Comment:
as long as 2940.00 is resistance, likely decline to 2915.00.
Supports and resistances:
2965.00
2950.00
2940.00
2932.93 Last
2915.00
2904.00
2888.00
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Gold
2931.81
-7.00
-0.24%