GOLD | Key Pivot Holding – Breakout or Rejection?
GOLD Technical Analysis – February 21, 2025
Gold is currently trading within the pivot range at $2,935, showing consolidation. The price is still indecisive, and further movement depends on the next breakout.
The price is trying to touch $2918 from $2935, which means as long as trades below $2935.
Gold is currently trading within the pivot range at $2,935, showing consolidation. The price is still indecisive, and further movement depends on the next breakout.
The price is trying to touch $2918 from $2935, which means as long as trades below $2935.
- 📉 Bearish Scenario:
If Gold closes below $2,918 and confirms with a 4H candle, it may continue its decline toward $2,907 and $2,895.
A breakdown below $2,873 will extend losses toward $2,860 and $2,840. - 📈 Bullish Scenario:
Stability above $2,935 could push the price toward $2,956 and $2,974 in the next bullish attempt.
A breakout above $2,974 may lead to further highs. - Key Levels:
Pivot Line: $2,935
Resistance Levels: $2945, $2,956, $2,974
Support Levels: $2,918, $2,895, $2,873
Trade active
GOLD
Update
Moving Well +110 pip ✅
The price is still consolidating between 2935 and 2918. A 1H candle close above 2938 is required for a bullish push toward 2945 and 2956.
Bullish Scenario: A break and close above 2938 → Targets 2945 & 2956
Bearish Scenario: As long as price trades below 2935, the bearish trend remains intact toward 2924 and 2918
🔹Key Note: As long as the price remains below 2935 - 2938, the trend remains bearish.🔽
Timeframe 4h, 1h
current price 29245
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my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.