Hello Everyone, Here is My Today's #XAUUSD (GOLD) Market Analysis
Please Check & Share Your Kind Opinions in the Comments Section, Thanks! 🙏
Today, Wednesday 5th March 2025
📊Current Price: $2917 📊Pivot Point: $2930
Gold is trading below the pivot point of $2930, indicating a bearish bias unless the price breaks above this level.
📉Bearish Scenario: If gold remains below $2930, selling pressure may push the price toward our First Target $2910
A break below $2910 could lead to further declines toward our Second Target $2894 and Target 3) $2874 Stronger bearish momentum may drive gold down to Fourth target $2854 with the key demand zone between $2843 / $2833
📈Bullish Scenario:If gold reclaims $2930 we could see a move toward resistance at $2940 and $2950 A sustained break above $2950 could shift momentum back to the upside. But over All it's Sell Now
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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.