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DayTradeIdeas / ARTICLE

19 February Gold XAUUSD Gold unexpectedly shot higher to through resistance again at 2900/2905 & shorts were stopped above 2910. Gold is at a critical level as we test the short term 1 week upper trend line at 2935/40. If you want to try a short, stop above 2944. A sustained break above 2944 is a buy signal & we are likely to target 2956/58 & 2962/64. However failure to beat resistance at 2935/40 targets 2925/22 & 2916/13.

Published Feb 19, 2025Updated Feb 19, 20252 min read
19 February Gold XAUUSD Gold unexpectedly shot higher to through resistance again at 2900/2905 & shorts were stopped above 2910. Gold is at a critical level as we test the short term 1 week upper trend line at 2935/40. If you want to try a short, stop above 2944. A sustained break above 2944 is a buy signal & we are likely to target 2956/58 & 2962/64. However failure to beat resistance at 2935/40 targets 2925/22 & 2916/13.
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