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The Gift of the Magi is written in the third person omniscient point of view.
To add to the answer below, in this particular story the narrator's use of "you" may be confusing. This is simply a stylistic device that is used to draw the reader into the story. At several points in the story, the narrator directly addresses the reader, sometimes offering comments, other times asking the reader to consider some observation.
The point of view of the story is an 3rd person- an outsider tells the story about the characters- refers to the characters as he, she, they, them
the point of view is 3rd person limited omniscient.because it has ''he & shee'' and also the narrator is limiting itself on commenting on the things that are happening.
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