#XAUUSD (GOLD) SELL OR BUY ?
#Gold (XAUUSD) Market Analysis 7th February 2025
Gold Current Price: $2865
Gold is currently trading within a key range with the market awaiting a breakout to determine the next directional move.
📉Bearish Scenario (Sell Setup): If Gold breaks below the first support level at $2855 and closes a 4-hour candle beneath it, we expect a bearish move targeting $2840, $2832, $2820, and $2807. The demand zone between $2800 and $2790 may act as a strong support area if the price continues to decline.
📈Bullish Scenario (Buy Setup): If Gold breaks above the first resistance level at $2873, we can expect a bullish move towards higher targets of $2890, $2900, $2910, and $2920.
A new all-time high could be in play with potential to reach $2930 and $2940.
📊Key Levels:
📉Support: $2855 / $2845
📉Targets: $2832 /$2820 / $2807
📉Demand Zone: $2800 / $2790
📈Resistance: $2873 / $2883
📈Targets: $2890 /$2900 / $2910 / $2920
📈New All-Time High: $2930 / $2940
📉Bearish Outlook: If Gold breaks below $2855, we could see further downside toward $2840, $2832, $2820, and $2807.
📈Bullish Outlook: If Gold crosses above $2873, expect a potential buy position with targets at $2890, $2900, $2910, and $2920.
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Gold Current Price: $2865
Gold is currently trading within a key range with the market awaiting a breakout to determine the next directional move.
📉Bearish Scenario (Sell Setup): If Gold breaks below the first support level at $2855 and closes a 4-hour candle beneath it, we expect a bearish move targeting $2840, $2832, $2820, and $2807. The demand zone between $2800 and $2790 may act as a strong support area if the price continues to decline.
📈Bullish Scenario (Buy Setup): If Gold breaks above the first resistance level at $2873, we can expect a bullish move towards higher targets of $2890, $2900, $2910, and $2920.
A new all-time high could be in play with potential to reach $2930 and $2940.
📊Key Levels:
📉Support: $2855 / $2845
📉Targets: $2832 /$2820 / $2807
📉Demand Zone: $2800 / $2790
📈Resistance: $2873 / $2883
📈Targets: $2890 /$2900 / $2910 / $2920
📈New All-Time High: $2930 / $2940
📉Bearish Outlook: If Gold breaks below $2855, we could see further downside toward $2840, $2832, $2820, and $2807.
📈Bullish Outlook: If Gold crosses above $2873, expect a potential buy position with targets at $2890, $2900, $2910, and $2920.
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#XAUUSD (Gold) Market Update – 12th February 2025**
#Current Price:$2883
Gold has been highly volatile, respecting our analysis levels and hitting major targets. Let’s break down the market movement:
#Recap of Market Movement:
Gold first hit $2860 then surged 100 pips to $2870
From $2870, it dropped 180 pips to $2852 as expected.
A strong rebound from $2852 pushed Gold to a new all-time high of $2942 (+900 pips from $2852).
After hitting $2942, Gold retraced 620 pips down to $2880
✅Currently trading at $2883 consolidating near key resistance levels.
📉 Bearish Scenario (Sell Setup) If Gold breaks below $2880 we expect a bearish move targeting:
1) $2865
2) $2855
3) $2840
4) $2825
- A break below $2825 could push Gold further into the demand zone at $2800–$2790
-
📈 #Bullish Scenario (Buy Setup): If Gold holds above $2880 and breaks $2895 we expect a bullish rally toward:
1) $2910
2) $2925
3) $2942
Previous All-Time High)
$2955 – $2965 ( Potential New Highs )
📊 Key Levels Based on Our Analysis:
📉Support Levels:
📉$2880 (Key Pivot Level)
📉$2865 (Hit and rebounded, possible support)
📉$2855 (Major Support - Previous sell target hit)
📉$2840 (Bearish extension level)
📉$2825 (Critical Support)
📈Resistance Levels:
📈$2873 (Previous resistance - broken)
📈$2890 (Tested after the retracement)
📈$2900 (Psychological level)
📈$2910 (Key breakout point)
📈$2925 (Bullish extension level)
📈$2942 (New All-Time High Major Resistance)
📈$2955 $2965 (Potential Next High Zone)
📉 Bearish Outlook: If Gold fails to hold $2880 expect a move toward $2865, $2855, and $2840
A break below 2825would confirm a stronger bearish trend.
📈 Bullish Outlook:- If Gold stays above $2880 and breaks $2895 expect an upward push toward $2910, $2925, and $2942
A new breakout above $2942 could push Gold toward $2955–$2965
Gold is moving as per our analysis—track levels and
manage risk carefully!
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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.