XAU/USD - H1 Prediction for 06/02/2025
Gold (XAU/USD) - H1 Prediction for 06/02/2025
📈 Bullish Continuation with Possible Retracement
🔹 Current Price: 2,866.41
🔹 Key Resistance Levels:
2,867 - 2,870 (Short-term resistance)
2,890.41 (Major resistance)
2,912.32 (Ultimate target)
🔹 Key Support Levels:
2,849 - 2,852 (Potential retracement zone)
2,836 - 2,844 (Liquidity & FVG zone)
2,830.55 - 2,825 (Major demand zone)
2,807 - 2,812 (Deep pullback zone)
🔹 Market Outlook:
Gold may test 2,867 - 2,870 before a potential retracement.
If price holds above 2,849 - 2,852, continuation towards 2,890.41 is likely.
A drop below 2,825 could trigger deeper correction.
🔹 Trade Setup:
✅ Buy Zone: 2,836 - 2,844 (Look for bullish confirmations)
✅ Target: 2,890.41 - 2,912.32
✅ Invalidation: Sustained drop below 2,825
#Gold #XAUUSD #SmartMoneyConcepts #PriceAction #ForexAnalysis #LiquidityZones
📈 Bullish Continuation with Possible Retracement
🔹 Current Price: 2,866.41
🔹 Key Resistance Levels:
2,867 - 2,870 (Short-term resistance)
2,890.41 (Major resistance)
2,912.32 (Ultimate target)
🔹 Key Support Levels:
2,849 - 2,852 (Potential retracement zone)
2,836 - 2,844 (Liquidity & FVG zone)
2,830.55 - 2,825 (Major demand zone)
2,807 - 2,812 (Deep pullback zone)
🔹 Market Outlook:
Gold may test 2,867 - 2,870 before a potential retracement.
If price holds above 2,849 - 2,852, continuation towards 2,890.41 is likely.
A drop below 2,825 could trigger deeper correction.
🔹 Trade Setup:
✅ Buy Zone: 2,836 - 2,844 (Look for bullish confirmations)
✅ Target: 2,890.41 - 2,912.32
✅ Invalidation: Sustained drop below 2,825
#Gold #XAUUSD #SmartMoneyConcepts #PriceAction #ForexAnalysis #LiquidityZones
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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.