Gold XAUUSD Possible Move 06.02.2025
Market Analysis:
Previous Price Action:
The price was consolidating in a range (blue zone) before a breakout.
A strong bullish move followed, but then price retraced sharply.
Support & Resistance Levels:
Key Support Zones: 2,910 – 2,902 and 2,898 – 2,890
Key Resistance Zones: 2,928 and 2,942
Price Behavior:
The price is currently testing 2,910, a critical zone.
If this support holds, we expect a bullish reversal.
If it breaks, the next support at 2,898 will be the next key level for buying.
📈 Trading Signal & Entry Plan:
✅ Setup 1: Buy from 2,910
Entry: 2,910
Stop Loss (SL): 2,902 (below recent support)
Take Profit 1 (TP1): 2,928
Take Profit 2 (TP2): 2,942
Risk-Reward Ratio: 1:2+
👉 If SL (2,902) is hit, move to the second setup.
✅ Setup 2: Buy from 2,898 (if price breaks below 2,910)
Entry: 2,898
Stop Loss (SL): 2,890
Take Profit 1 (TP1): 2,928
Take Profit 2 (TP2): 2,942
Risk-Reward Ratio: 1:3 (higher probability trade)
📌 Conclusion & Trading Plan
✔ First buy at 2,910 – If it holds, price should move up to 2,928-2,942.
✔ If SL (2,902) hits, buy at 2,898 with a tighter stop.
✔ Both setups have a good risk-reward ratio, following a bullish bias.
Do not forget to like, comment and follow.
Previous Price Action:
The price was consolidating in a range (blue zone) before a breakout.
A strong bullish move followed, but then price retraced sharply.
Support & Resistance Levels:
Key Support Zones: 2,910 – 2,902 and 2,898 – 2,890
Key Resistance Zones: 2,928 and 2,942
Price Behavior:
The price is currently testing 2,910, a critical zone.
If this support holds, we expect a bullish reversal.
If it breaks, the next support at 2,898 will be the next key level for buying.
📈 Trading Signal & Entry Plan:
✅ Setup 1: Buy from 2,910
Entry: 2,910
Stop Loss (SL): 2,902 (below recent support)
Take Profit 1 (TP1): 2,928
Take Profit 2 (TP2): 2,942
Risk-Reward Ratio: 1:2+
👉 If SL (2,902) is hit, move to the second setup.
✅ Setup 2: Buy from 2,898 (if price breaks below 2,910)
Entry: 2,898
Stop Loss (SL): 2,890
Take Profit 1 (TP1): 2,928
Take Profit 2 (TP2): 2,942
Risk-Reward Ratio: 1:3 (higher probability trade)
📌 Conclusion & Trading Plan
✔ First buy at 2,910 – If it holds, price should move up to 2,928-2,942.
✔ If SL (2,902) hits, buy at 2,898 with a tighter stop.
✔ Both setups have a good risk-reward ratio, following a bullish bias.
Do not forget to like, comment and follow.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅Free Telegram Group
t.me/+gdXxCx5R3okwZTc0
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
t.me/+gdXxCx5R3okwZTc0
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.