Gold Analysis – 06.Mar.2025
Gold Analysis: By analyzing the gold chart on the 2-hour timeframe, we can see that yesterday, the price entered the $2928 – $2930 zone, where it faced strong selling pressure, leading to a sharp decline from $2929.87 to $2890. This strong and significant drop was halted upon reaching a key support zone, and currently, gold is trading around $2905. If the price remains below $2916, we could see a continuation of this downward movement, with the next potential targets at $2884 and $2878. Traders should closely monitor price action for confirmation of further bearish momentum. This analysis will be updated accordingly!
(This Post on TradingView)
Author : Arman Shaban
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