🔹Gold (XAU/USD) Technical Analysis – 27th February 2025
▪️ Market Overview:
The chart represents a 1-hour timeframe of Gold (XAU/USD) CFDs. The market is currently trading around $2,891.698, showing slight bearish momentum with a 0.02% decline.
▪️ Key Levels
- Resistance Area: $2,900 - $2,902
- Target Area (Support Level): $2,873 - $2,875
▪️Price Action & Trend Analysis:
- The market recently tested the highlighted resistance area (red zone) but failed to break above it.
- A rejection from this zone suggests potential further downside movement.
- The price is currently making lower highs and lower lows, indicating a short-term bearish trend.
▪️ Trade Setup & Projection
- Potential Retracement: Price might retest the resistance area ($2,900-$2,902) before continuing downward.
- Bearish Confirmation: If the price fails to break above the resistance, it could drop towards the target area ($2,873-$2,875) as marked in the chart.
- Entry Idea: A sell opportunity may arise if price rejects resistance again with strong bearish candlestick patterns.
▪️ Indicators & Confirmation:
- The market structure favors sellers as it remains below the resistance zone.
- No visible bullish reversal signs yet, reinforcing the bearish outlook.
▪️ Conclusion:
Gold appears to be in a short-term downtrend, with $2,900 acting as a strong resistance. If price maintains below this level, a move towards $2,873-$2,875 is likely. Traders should look for confirmations near the resistance area before entering positions.
😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
▪️ Market Overview:
The chart represents a 1-hour timeframe of Gold (XAU/USD) CFDs. The market is currently trading around $2,891.698, showing slight bearish momentum with a 0.02% decline.
▪️ Key Levels
- Resistance Area: $2,900 - $2,902
- Target Area (Support Level): $2,873 - $2,875
▪️Price Action & Trend Analysis:
- The market recently tested the highlighted resistance area (red zone) but failed to break above it.
- A rejection from this zone suggests potential further downside movement.
- The price is currently making lower highs and lower lows, indicating a short-term bearish trend.
▪️ Trade Setup & Projection
- Potential Retracement: Price might retest the resistance area ($2,900-$2,902) before continuing downward.
- Bearish Confirmation: If the price fails to break above the resistance, it could drop towards the target area ($2,873-$2,875) as marked in the chart.
- Entry Idea: A sell opportunity may arise if price rejects resistance again with strong bearish candlestick patterns.
▪️ Indicators & Confirmation:
- The market structure favors sellers as it remains below the resistance zone.
- No visible bullish reversal signs yet, reinforcing the bearish outlook.
▪️ Conclusion:
Gold appears to be in a short-term downtrend, with $2,900 acting as a strong resistance. If price maintains below this level, a move towards $2,873-$2,875 is likely. Traders should look for confirmations near the resistance area before entering positions.
😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
取消訂單
price hit our targets, without entering our selling zone.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。