GOLD Approaching New Highs | Will It Hit $3000 Soon?

GOLD Analysis | February 20, 2025
Gold continues its strong uptrend, pushing above the ATH and confirming its bullish momentum as we mentioned before. The price is currently trading around 2951, holding above the pivot line of 2935, indicating stability within the breakout structure.

• Bullish Scenario:
  As long as 2935 holds as support, the price is expected to continue its movement toward the resistance zone of 2956 - 2975.
  A strong breakout above 2975 could signal further bullish momentum, with the next key target around 3000.
  
  
• Bearish Scenario:
  A rejection from the ATH could lead to a retest of 2935 and 2918.
  If a 4H candle closes below 2918, this may trigger a correction toward 2873 before any potential rebound.
  
  
• 📌 Key Levels:
  🔹 Pivot Point: 2956
  🔹 Resistance Levels: 2975, 2985, 3000
  🔹 Support Levels: 2935, 2918, 2873
  
  💬 Will Gold sustain its momentum and reach new highs, or is a correction coming? Drop your thoughts below! 👇🔥