Gold Intraday: under pressure.

Limited Decrease
l
1698398372047
XAUUSD+0%
2025-02-12 11:57Source:TC

Pivot: 2900.00

Our preference: short positions below 2900.00 with targets at 2881.00 & 2869.00 in extension.

Alternative scenario: above 2900.00 look for further upside with 2909.00 & 2923.00 as targets.

Comment: as long as the resistance at 2900.00 is not surpassed, the risk of the break below 2881.00 remains high.

Supports and resistances:

2923.00

2909.00

2900.00

2887.41 Last

2881.00

2869.00

2856.00

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-12-2025 at 11:57 UTC+1

Price reference: 2887.41 last known on 02-12-2025 at 11:57 UTC+1

Investment horizon: INTRADAY

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