GOLD | Key Pivot Holding – Breakout or Rejection?

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GOLD Technical Analysis – February 21, 2025
Gold is currently trading within the pivot range at $2,935, showing consolidation. The price is still indecisive, and further movement depends on the next breakout.

The price is trying to touch $2918 from $2935, which means as long as trades below $2935.

• 📉 Bearish Scenario:
  If Gold closes below $2,918 and confirms with a 4H candle, it may continue its decline toward $2,907 and $2,895.
  A breakdown below $2,873 will extend losses toward $2,860 and $2,840.
  
  
• 📈 Bullish Scenario:
  Stability above $2,935 could push the price toward $2,956 and $2,974 in the next bullish attempt.
  A breakout above $2,974 may lead to further highs.
  
  
• Key Levels:
  Pivot Line: $2,935
  Resistance Levels: $2945, $2,956, $2,974
  Support Levels: $2,918, $2,895, $2,873
  

21 févr.

Transaction en cours

GOLD
Update

Moving Well +110 pip ✅
The price is still consolidating between 2935 and 2918. A 1H candle close above 2938 is required for a bullish push toward 2945 and 2956.

Bullish Scenario: A break and close above 2938 → Targets 2945 & 2956
Bearish Scenario: As long as price trades below 2935, the bearish trend remains intact toward 2924 and 2918

🔹Key Note: As long as the price remains below 2935 - 2938, the trend remains bearish.🔽

Timeframe 4h, 1h
current price 29245