XAU/USD Analysis – H1 Prediction for 06/02/2025
📊 Gold Price Action & Key Levels
🔸 Price hovering around 2869.70 with consolidation.
🔸 Fibonacci Resistance Levels:
0.786: 2877.63
0.618: 2873.86
0.5: 2871.22
🔸 Support Zones:
2855-2858 (First demand area)
2836-2844 (Potential liquidity grab)
2830.55-2825 (Fair Value Gap - FVG)
2812-2817 (Deeper correction zone)
📉 Bearish Scenario: If price breaks below 2865, expect a move towards 2855-2858, followed by 2836-2844.
📈 Bullish Scenario: Holding above 2868 could lead to a retest of 2873-2877 before further highs.
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fxforever
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.