Gold Intraday: key resistance at 2906.00.

Limited Decrease
l
2025-02-17 08:58Source:TC

Pivot: 2906.00

Our preference: short positions below 2906.00 with targets at 2887.00 & 2877.00 in extension.

Alternative scenario: above 2906.00 look for further upside with 2922.00 & 2940.00 as targets.

Comment: as long as 2906.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

2940.00

2922.00

2906.00

2899.18 Last

2887.00

2877.00

2864.00

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-17-2025 at 08:58 UTC+1

Price reference: 2899.18 last known on 02-17-2025 at 08:58 UTC+1

Investment horizon: INTRADAY

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