Gold Analysis – 05.Mar.2025
Gold Analysis: By analyzing the gold chart on the two-hour timeframe, we can see that the price started declining as expected yesterday, correcting from $2928 to $2900. Currently, gold is trading around $2916. A key liquidity pool exists in the $2928 – $2930 zone, and if the price moves up to this range, we may see liquidity collection followed by further downside movement. As long as gold trades below $2930, we can anticipate further corrections. However, if gold breaks and stabilizes above $2930, it could push higher toward levels above $2950. Therefore, our primary scenario remains bearish, and we should closely monitor price reactions at the key resistance zones.
(This Post on TradingView)
Author : Arman Shaban
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