Gold XAUUSD Intra-day Move 25.02.2025 for OANDA:XAUUSD by Quinn901

Gold XAUUSD Intra-day Move 25.02.2025

Analysis:
Support & Resistance Zones:
The price is moving within a range with strong resistance around 2,950 and a support zone around 2,922.
A major support level is visible at 2,898, which could act as the next target if the price breaks below 2,922.
Trendline & Breakout:

An ascending trendline was supporting the price, but it appears to have been broken at the Vital Point (highlighted in green).
This could indicate a bearish shift if the price fails to reclaim the trendline.
Possible Scenarios:

Bullish Case: If the price bounces back above the trendline and holds above 2,940, it could retest 2,950 and break higher.
Bearish Case: If the price continues below 2,930 and breaks 2,922, a drop to 2,906 or even 2,898 could follow.

Signal:
📉 SELL BELOW 2,930
Entry: Below 2,930
Target 1: 2,922
Target 2: 2,906
Target 3: 2,898
Stop Loss: 2,945

📈 BUY ABOVE 2,940
Entry: Above 2,940
Target 1: 2,950
Target 2: 2,960
Stop Loss: 2,930

💡 Key Note: The price is currently at a critical level (Vital Point). Wait for a clear breakout before entering a trade.

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Trade active

Isn't this beautiful. 300+ pips from 2930. Contained till 2900 till second tp. Take 70% of the trade.

Trade closed: target reached

Close all and collect 400+ pips. Smashed all targets. Enjoy the ride

Quinn901

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Quinn901