Gold price analysis February 7⭐️Fundamental Analysis
Gold prices maintained a slight upward trend in today's European trading session, hovering near the all-time high reached earlier. Safe-haven demand for gold continued to increase due to concerns about US-China trade tensions and the negative impact of the Trump administration's hawkish policies.
Meanwhile, the USD struggled as the market bet that the Fed would cut interest rates twice this year. US Treasury yields plunged, further strengthening the appeal of non-yielding gold. Investors are now focused on the US NFP employment report to determine the next trend of the market.
⭐️Technical Analysis
Gold prices continue to head towards all-time highs. The 2873 area has attracted a lot of attention from sellers before the ATH. resistance zone above note around 2898. more predicted downtrend for gold specifically a sharp fall to 2811 or deeper to 2786. pay attention to noted resistance zones for best trading strategy.
Xauusdanalysis
$XAUUSD ShortGold showed a **double purge** signal, which could indicate a **bearish correction** move. This correction aims to seek liquidity in a discounted region, allowing the continuation of the **bullish** movement afterward. It's important to note that the correction can be seen as an opportunity for accumulation before the trend resumes upward, with the market looking for support levels to fuel further gains. However, we should remain alert to reversal signals or external events that could alter this scenario.
XAUUSD WEEKLY WRAP UP
This week, Gold (XAU/USD) continued its upward trajectory, achieving a sixth consecutive weekly gain. The metal reached a new record high above $2,880, reflecting sustained bullish momentum.
Key Influencing Factors:
Federal Reserve Commentary: Remarks from Federal Reserve Chair Jerome Powell contributed to market optimism, supporting the rally in gold prices.
Technical Levels: Gold approached the significant psychological level of $3,000 per ounce, with analysts suggesting that surpassing this threshold could be a potential game-changer for the metal.
Outlook:
The market's focus is now on upcoming U.S. economic data, particularly the Consumer Price Index (CPI), which could serve as a catalyst for further price movements. A higher-than-expected CPI reading may bolster expectations of a more hawkish Federal Reserve, potentially exerting downward pressure on gold. Conversely, a softer CPI could support continued gains in gold prices.
Traders are advised to monitor these developments closely, as they will play a crucial role in shaping gold's trajectory in the near term.
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Profit of 130pips, retracement is an opportunity to buy goldDear traders, did you follow my trading strategy and go long on gold in the 2860-2850 zone? As I emphasized in my previous analysis, if gold holds above the 2850-2840 support level during its pullback, it retains the potential to rally toward 2900. Based on this logic, we executed a highly successful trade in the NFP session, going long on gold within the 2860-2850 range as per my outlined strategy.
Following the NFP data release, gold briefly dipped to around 2852 during the retracement. I strictly adhered to my trading plan and entered a long position at 2853. As expected, gold extended its rally above 2880, precisely hitting my projected take-profit (TP) target. This outcome reaffirms the accuracy of my trading strategy, and the gold market has indeed moved in line with my expectations. Cheers to our victory, everyone!
At this point, there are still no clear signs of a market top, and gold may attempt to test the 2900 level. However, as it approaches or touches 2900, we must remain cautious about the risk of a potential retracement.
Bros, have you followed me to do long gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold Market Update: Bullish Momentum ResumesYesterday, gold experienced a pullback, dropping to an intraday low of around 2835.
However, the price quickly rebounded, and overnight, bulls regained control, pushing it back above 2860—a key confluence resistance level.
This move suggests that the correction may be over.
Looking ahead, the upcoming NFP data could drive further momentum, potentially leading to a new all-time high by the end of the week.
From a broader perspective, the bullish outlook remains intact as long as yesterday’s low holds. A more significant correction would only come into play if we see a weekly close below this level.
Gold's Uptrend Nearing Key Reversal Zone—Time to Sell?Gold ( OANDA:XAUUSD ) is creating a new All-Time High(ATH) during these few days; finally, how far can gold continue this upward trend? What do you think?
Educational Note : From the point of view of Technical Analysis , when the asset is forming an All-Time High(ATH) and the previous history of the price is not around the price, the analysis becomes a little difficult, but we must be able to make the best use of the technical analysis tool.
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Gold is entering the Potential Reversal Zone(PRZ) . Also, Gold is facing a Series of Resistance lines that can stop its increase .
From the point of view of Classical Technical Analysis , it seems that Gold is in the Ascending Broadening Wedge Pattern formation. Do you agree!?
Educational Note : An Ascending Broadening Wedge is a bearish technical pattern characterized by higher highs and higher lows that expand over time. It signals increasing volatility and weakening bullish momentum, often leading to a breakdown below support. Traders watch for a confirmed breakdown as a short-selling opportunity.
According to the theory of Elliott waves , Gold seems to be completing microwave 5 of the main wave 5 .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to start falling after entering the PRZ and at least to the lower line of the wedge pattern and Support zone($2,800-$2,787) .
Note: If Gold breaks the Resistance lines and goes above $2,873, we should expect Gold to increase further.
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold before NFP: A general outlookYesterday, OANDA:XAUUSD pulled back to an intraday low of 2835, but buyers quickly stepped in, driving the price back above 2860—a key confluence resistance level.
This strong rebound suggests that the correction may be over, with bulls regaining control.
📌 Key Levels to Watch:
Support: 2835 (recent low), 2800 (psychological level), 2785 (next key demand zone)
Resistance: 2880 (recent high), 2900 (round number), 2925 (potential breakout target)
📈 What’s Next?
With NFP data on the horizon, volatility is expected. The market's reaction will depend on how the data impacts rate cut expectations. If the report is strong but inflation concerns persist, Gold could rally toward a new all-time high, targeting 2900+.
On the other hand, a weak NFP could either lead to a pullback or further upside, depending on how traders interpret the Fed’s potential response. Key support remains at 2835–2800 for buy-the-dip opportunities.
⚡ Trade Setups to Consider:
✅ Bullish Scenario: A confirmed breakout above 2880 could open the door for a rally towards 2900–2925.
🚨 Bearish Scenario: A weekly close below 2835 could indicate a deeper correction, with downside targets near 2800 and 2785.
📊 Final Outlook:
As long as gold holds above 2835, the bullish structure remains intact. A break and weekly close below this level would be the first sign of a deeper pullback. For now, dips remain buying opportunities unless price action suggests otherwise.
NFP, continue to buy goldDear traders,
Gold is currently trading around the 2865 level. To be honest, there are no clear signs of a market top at this stage, which indicates that gold still has upside potential. From a technical perspective, as long as gold holds above the 2850-2840 support zone (yesterday’s low), it retains the potential to continue its rally toward the 2900 level.
However, with the upcoming NFP release, market uncertainty will increase. Even if the data supports further gold appreciation, the sustainability of the move remains uncertain. Additionally, after a prolonged rally, gold may require a corrective pullback for price consolidation. Therefore, it is crucial to lock in profits in a timely manner and avoid excessive greed or unnecessary risk-taking.
From a trading perspective, long positions can be considered around the 2860-2850 support zone.Bros, do you have the courage to join me in continuing to be long gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
NFP released . WHATS NEXT? The U.S. Non-farm Payrolls Changed By 143,000 In January, Compared With Expectations Of 175,000 And A Previous Value Of 256,000
1. Stock Market
Negative Sentiment in Growth-Oriented Sectors: Slower job growth may point to a cooling economy, potentially dampening investor sentiment, especially in sectors reliant on strong consumer spending (e.g., retail, technology).
Support for Defensive Sectors: Sectors like utilities, consumer staples, and healthcare may see gains as investors seek safety amid uncertainty.
Volatility Increase: Markets may experience heightened volatility as traders assess the implications for corporate earnings and broader economic growth.
2. Bond Market
Treasury Yields May Decline: Weak job growth often leads to expectations of slower economic expansion, increasing demand for safe-haven assets like U.S. Treasuries. This could drive bond prices higher and yields lower.
Expectations for Federal Reserve Policy: If the labor market shows signs of slowing, it could reinforce expectations that the Federal Reserve may halt or even reverse interest rate hikes to support the economy.
3. Currency Market
Pressure on the U.S. Dollar: A weaker labor market could weigh on the U.S. dollar as it may signal reduced economic resilience and lower interest rate differentials with other currencies.
Opportunities for Other Currencies: The euro or yen, perceived as alternatives to the dollar, might strengthen.
4. Commodity Market
Gold Prices May Rise: Gold could benefit from lower bond yields and a weaker dollar, as it is considered a safe-haven asset in times of economic uncertainty.
Oil and Industrial Metals Might Decline: A slowing labor market could signal reduced industrial activity and energy demand, potentially weighing on commodity prices.
5. Federal Reserve Policy Expectations
Rate Cuts May Be Anticipated: A weak NFP report strengthens the argument for a more dovish Fed stance. Markets may begin pricing in rate cuts or pauses, especially if future labor data corroborates a slowdown.
Focus on Inflation Data: The Fed's response will also depend on inflation. If inflation remains elevated, the Fed could be caught between addressing economic weakness and maintaining price stability.
Long Gold Bulls may take a nap, and dips would be likely to buyGold trading around 2862/2861
Expectedly gold bullish momentum paused around suggested level 2879 by making high of 2882.xx, it is assumed that bulls may take a dip around 2840/2828 witnessed that is my Sell Goal and from where upon rejection we may witnessed a bounce towards 2865/2882 once again and that my buy goals on dips.
Hence Short and long both possible on right levels like we suggested a sell around 2879 yesterday that worked perfectly well.
I am looking for you feedback and response on latest analysis and wish you good luck on your trading decisions.
Gold Trend Analysis and StrategiesFrom the daily chart, gold prices regained their upward trend after struggling to stand firm at $2,800. Any pullback at the beginning of the week is seen as an opportunity to buy on dips. It has killed shorts all the way up. Combined with fundamental news, it continues to refresh the historical high to around 2,880, further extending the space, but there is a sell-off above 2,880. Combined with the overbought divergence of bulls, it continues to fall. After breaking the 4-hour cycle middle track of 2,845, the gold rising pattern has initially changed!
At present, it is necessary to test the pressure conversion support of the previous high point near 2,830. Before breaking, the gold bull sentiment always occupies the market. At present, gold has not yet reached the bottom of the retracement. The 5-day moving average of 2830 cannot hold up. There will be another retracement next week. The closing line is above 2850, so it depends on the impact after the release of non-agricultural data.
After the risk aversion of gold eased yesterday, gold bottomed out, but the risk aversion sentiment was not fully released. Gold bottomed out and rebounded to stabilize again. The gold shorts made a false move, and the gold shorts did not continue. The gold longs reversed in a deep V, and the gold deep V basically had no major correction, which means that the gold longs are relatively strong and are likely to accelerate the rise.
Although gold fluctuated downward last night, it has now begun to bottom out and rebound. The gold longs reversed in a deep V. Gold fell back or continued to go long. After gold bottomed out, it began to maintain around 2850, and then continued to rise after a rest. So gold continued to go long after stepping back to 2850 in the Asian session.
Key points:
First support: 2850, second support: 2842, third support: 2831
First resistance: 2873, second resistance: 2882, third resistance: 2900
Operation ideas:
BUY: 2847-2850, SL: 2839, TP: 2870-2880;
SELL: 2880-2882, SL: 2891, TP: 2860-2850;
#GOLD - one n single support, hold or not??#GOLD.. perfectly retrace from our expected area 2880-85
And now market holding his current supporting area that is around 2863-64
Keep close it guys because that area is our current supporting area and only holding of that area can create again buying volume otherwise below that we will go for a cut n reverse on confirmation.
Stay sharp..
Good luck
Trade wisely
GOLD - wedge Uper line, make or break??#GOLD... it's called perfection guys, market perfectly placed near to wedge line high as we discussed in our last idea and video analysis as well.
Keep close that wedge line that is around 2880 - 85
And if market hold that area in that case we can see drop again otherwise a new ERA will start above that.
Stay sharp..
Good luck
Trade wisely
XAU/USD 07 February 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bearish CHoCH, indicating, but not confirming bearish pullback phase initiation
Price is trading within an established internal range.
Intraday Expectation:
Price to continue bearish and react at either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high, priced at 2,882.310.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed bearish CHoCH, indicating, but not confirming bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation:
Price continue bearish, react at either discount of internal 50% EQ, or M15 demand zone before targeting weak internal high priced at 2,882.310
Alternative scenario:
As H4 remains in bearish pullback phase, it would be viable to consider price targeting strong internal low, priced at 2,722.215.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
XAUUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD:7/2 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2900, support below 2772
Four-hour resistance 2900, support below 2855
Gold operation suggestions: Yesterday (2.6), gold was under pressure at the 2870 mark and was suppressed and fell back to fluctuate downward. The US market accelerated downward to break through the 2850 mark and reached near 2834, stabilized and rebounded, and returned to the 2850 mark and closed in a volatile manner. The daily K-line chart was blocked and fell back. The overall price continued to be suppressed below the 2870 mark yesterday after being under pressure at the 2880 mark the previous day. It ushered in a volatile adjustment.
From the 4-hour analysis, pay attention to the support of 2855 below, the support near 2772 at the daily level, and the short-term resistance above pays attention to the 2872 line. In my opinion, today's NFP data will fall first and then rise. Shorting first looks at the 2800 mark and then buys with a light position with a stop loss, and then looks at the 2772 mark to buy and continue to be bullish. Overall, rely on this range to maintain high selling and low buying.
BUY:2772near SL:2768
BUY:2800near SL:2795
Technical analysis only provides trading direction!
Gold is in the Bearish Direction after Formation ManipulationHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts