Gold Price Today (Feb 17): Targeting $3,000?Gold is experiencing a strong rebound at the start of the week, with a 20-point surge from 2879 to 2899 on Monday morning. The bullish momentum remains intact.
🚨 Key Market Insights:
🔹 High volatility expected during the Asian & European sessions
🔹 US Bank Holiday today → Lower liquidity in the New York session
📊 Trading Outlook – Gold Range & Key Levels
Following last week’s sharp drop, today’s movement is expected to stay within a 40-point range, offering sell opportunities at key resistance levels.
🔥 Key Resistance Levels:
🟥 2908 - 2915 - 2926 - 2940
🟩 Key Support Levels:
🟢 2894 - 2885 - 2880
🏆 Trading Plan for Today
✅ Buy Setup: (Swing Trade)
📍 Buy Zone: 2880 - 2878
🔹 SL: 2874
🎯 TP: 2884 - 2888 - 2892 - 2896 - 2900
⚡ Buy Scalping Setup:
📍 Buy Zone: 2894 - 2892
🔹 SL: 2888
🎯 TP: 2898 - 2892 - 2896 - 2900
❌ Sell Setup: (Swing Trade)
📍 Sell Zone: 2920 - 2922
🔹 SL: 2926
🎯 TP: 2916 - 2912 - 2908 - 2904 - 2900
⚡ Sell Scalping Setup:
📍 Sell Zone: 2908 - 2910
🔹 SL: 2913
🎯 TP: 2904 - 2900 - 2896 - 2892
⚠️ Market Warning
🔸 High volatility expected in Asian & European sessions
🔸 US session may see lower liquidity due to the Bank Holiday
🔸 Stick to your SL/TP to protect your account!
🚀 Stay tuned for updates before the European session!