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February 25, 2025 at 10:59 AM
📉 Gold Under Pressure Amid Ceasefire Talks?
Gold is pulling back from recent highs near $2,950, with RSI weakening and price testing lower Bollinger Bands. If Ukraine-Russia ceasefire talks progress, reduced geopolitical risk could drive gold lower.
🔻 Key Levels to Watch:
Support: $2,920, then $2,880-$2,850
Resistance: $2,950
A break below $2,920 could accelerate selling
⚡ Trade Idea:
Short below $2,920, target $2,880
Stop-loss: Above $2,950
Leverage 500:1: A $100 trade controls $50,000 exposure
Are you bullish or bearish on gold this week? #xauusd #gold #trading https://tinyurl.com/eurotrader