GOLD (XAUUSD) | Key Pivot Holding – Breakout or Rejection?
GOLD (XAUUSD) Technical Analysis – February 24, 2025
Bullish Consolidation Continues Near ATH Zone
Gold is maintaining stability above the key pivot zone at $2,935, indicating a potential breakout scenario. The price is currently consolidating within a narrow range, awaiting confirmation of the next move.
🔹 Bullish Scenario: A 4H close above $2,946 will strengthen the bullish case, with upside targets at $2,954 and $2,968. A further breakout above $2,974 could push the price toward the $3,000 psychological level.
🔹 Bearish Scenario: Failure to hold above $2,935 may trigger a pullback toward $2,918, with deeper support at $2,895 and $2,873.
Key Levels to Watch:
🔸 Resistance: $2,946 | $2,954 | $2,974
🔸 Pivot Zone: $2,935
🔸 Support: $2,918 | $2,895 | $2,873
⚠️ Directional Bias: As long as Gold remains above $2,935, the bullish momentum remains intact. However, a break below this level could shift sentiment bearish.
📊 Keep an eye on upcoming economic data and market sentiment for additional momentum.
Bullish Consolidation Continues Near ATH Zone
Gold is maintaining stability above the key pivot zone at $2,935, indicating a potential breakout scenario. The price is currently consolidating within a narrow range, awaiting confirmation of the next move.
🔹 Bullish Scenario: A 4H close above $2,946 will strengthen the bullish case, with upside targets at $2,954 and $2,968. A further breakout above $2,974 could push the price toward the $3,000 psychological level.
🔹 Bearish Scenario: Failure to hold above $2,935 may trigger a pullback toward $2,918, with deeper support at $2,895 and $2,873.
Key Levels to Watch:
🔸 Resistance: $2,946 | $2,954 | $2,974
🔸 Pivot Zone: $2,935
🔸 Support: $2,918 | $2,895 | $2,873
⚠️ Directional Bias: As long as Gold remains above $2,935, the bullish momentum remains intact. However, a break below this level could shift sentiment bearish.
📊 Keep an eye on upcoming economic data and market sentiment for additional momentum.
Trade active
📉 GOLD (XAU/USD) Update – February 25, 2025
🔹 Key Pivot Holding – Will We See a Breakout or Rejection?
Gold has remained within the consolidation range as mentioned in our analysis. The price has tested the key pivot at 2,935 multiple times, but it has yet to confirm a clear breakout or breakdown.
🔻 Bearish Scenario:
A 1H or 4H candle close below 2,935 will confirm bearish momentum, targeting 2,918 and 2,895 as the next key support levels.
A further breakdown below 2,895 would open the door for 2,873 and 2,850.
🔹 Bullish Scenario:
If Gold stabilizes above 2,935, it could push toward 2,946, with 2,954 and 2,968 as extended bullish targets.
A confirmed breakout above 2,974 could trigger a new leg higher, potentially testing the psychological level at 3,000.
📊 Key Levels to Watch:
🔸 Resistance: 2,946 | 2,954 | 2,974
🔸 Pivot Zone: 2,935
🔸 Support: 2,918 | 2,895 | 2,873
⚠️ Directional Bias: Gold remains within the consolidation range, awaiting a breakout or rejection. The next major move will depend on whether 2,935 holds or breaks.
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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
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.