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
📊Key Levels:
📊Current Price : $2917
📉Pivot Point : $2930
📉Support: $2890 / $2880
📈Resistance: $2940 / $2950
📉Demand Zone: $2843 / $2833
📊 Trend Outlook:
📉Bearish below $2930
📈Bullish above $2930
Like & follow for more updates! Let me know your thoughts in the comments.
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
📊Key Levels:
📊Current Price : $2917
📉Pivot Point : $2930
📉Support: $2890 / $2880
📈Resistance: $2940 / $2950
📉Demand Zone: $2843 / $2833
📊 Trend Outlook:
📉Bearish below $2930
📈Bullish above $2930
Like & follow for more updates! Let me know your thoughts in the comments.
Trade active
#XAUUSD (Gold) Market Update Wednesday, 5th March 2025📊#Recap of Today’s Movement: Gold initially dropped hitting our (First Sell Target at $2910 ) before rebounding back toward the (Pivot Point at $2930)
Price tested $2930 multiple times respecting our pivot level, but failed to hold above.
Gold then dropped again hitting our (Second Sell Target $2894) and reaching as low as $2891
This range between $2930 and $2891 offered multiple trading opportunities as price reacted to key levels several times.
📉Bearish Move: #Gold dropped from $2930 to $2910 → +200 Pips
Continued the decline from $2930 to $2894 and extended to $2891 → +390 Pips Total
📈Rebound: After reaching $2891 gold rebounded back up toward $2930 providing Buy opportunities of +390 Pips But sellers stepped in again, keeping the bearish bias intact
📉Sell Targets Hit: After retesting $2930 gold dropped again to $2910→ +200 Pips
Followed by a further drop toward $2894 and $2891 → +390 Pips Total
📉Support Zone Testing:
Gold is currently holding above $2891 but remains vulnerable for a test of lower support levels
📊Total Pips Calculation: First Drop: $2930 → $2910 (200 Pips)
#Extended Drop: $2930 → $2894 → $2891 (**390 Pips)
#Rebound Buy: $2891 → $2930 (390 Pips)
#Rebound Drop: $2930 → $2910 → $2891 (390 Pips)
📊Total Pips Achieved So Far:
📉980 Pips in Sell 🔥🔥
📈390 Pips in Buy** 🔥🔥
📊Grand Total: 1370 Pips
📊Current Market Position: $2906 (At the time of this update)
📊Updated Key Levels:
📊Pivot Point: $2930
📉Support Zone: $2891 / $2890 $2874 $2864
📈Resistance Levels: $2930 / $2940 / $2950
📊Trend Outlook:
📉Bearish Below $2930
📈Bullish Above $2930 & $2950
Watch for potential rebound* from support zones.
#Gold Respected Our Analysis Perfectly Today!
Let me know in the comments if you took advantage of these levels!
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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.