GOLD Drops $67 – Bearish Momentum Continues Below 2,859
GOLD Update – Feb 28, 2025
Gold dropped $67 from 2,918 to 2,859, as we expected! Now, the price is struggling below 2873, keeping the bearish momentum intact.
📉Bearish Scenario:
Staying below 2,859 and 2,873 could push the price toward 2,840.
A 1H or 4H close below 2,840 opens the door for 2,823 – 2,811.
📈Bullish Possibility:
If 2,873 is reclaimed, expect some volatility between 2,873 and 2,880.
Above 2,880, gold could rally to 2,895 – 2,905.
💠Key Levels:
Resistance: 2873 | 2880 | 2895
Pivot: 2859
Support: 2840 | 2823 | 2810
Bearish Trend is Active while Below 2859
Bullish Correction to 2873 if Stabilized Above 2859
Gold dropped $67 from 2,918 to 2,859, as we expected! Now, the price is struggling below 2873, keeping the bearish momentum intact.
📉Bearish Scenario:
Staying below 2,859 and 2,873 could push the price toward 2,840.
A 1H or 4H close below 2,840 opens the door for 2,823 – 2,811.
📈Bullish Possibility:
If 2,873 is reclaimed, expect some volatility between 2,873 and 2,880.
Above 2,880, gold could rally to 2,895 – 2,905.
💠Key Levels:
Resistance: 2873 | 2880 | 2895
Pivot: 2859
Support: 2840 | 2823 | 2810
Bearish Trend is Active while Below 2859
Bullish Correction to 2873 if Stabilized Above 2859
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my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.