
Gold Expert
February 26, 2025 at 07:49 AM
#xauusd
Gold has started to change ahead of time, 2956 may become a temporary high point! #gold
It can be seen that gold has broken the upper channel support line. If it continues to go down, it is very likely to be the lower channel support 2880-90.
At present, 2925 should be the dividing point of gold. In the early stage, gold rose and consolidated based on the support of 2925.
At present, it has broken 2925, so 2925 will change from support to suppression. #gold
⚠️ If it falls below 2880, then gold will officially enter a bearish trend. Before it falls below 2880, there is a chance that gold will maintain a consolidation between 2880 and 2925.
However, what I want to say is that gold is already biased towards the bearish side, and I don’t have much hope for gold to rise above 2925.
According to the current trend, the bearish trend may come at any time.