#XAUUSD (GOLD) READY FOR SELL NOW OR AGAIN BUY FOR NEW ATH ?
Hello Everyone Here is My Today's #XAUUSD (GOLD) Market Analysis
Please Check & Share Your Kind Opinions in the Comments section. Thanks! 🙏
Today on Monday 03 February 2025
#Gold Current Price is $2786 with Key ( Pivot Point: $2795 )
📉Bearish Scenario: #Gold is currently trading below the Pivot point ($2795) which suggests a bearish outlook.
📉First Support Targets: 2780 / 2770
If Gold continues below the pivot point it could further test the demand Zone at ( $2760 $2750, and $2740 )
📊Key Action : If the H4 candle closes below the pivot point ( $2795 ) consider a sell position targeting the support levels mentioned.
A break below $2760 would indicate further downside potential pushing Gold into the lower support levels.
📈Bullish Scenario: #Gold can maintain a bullish trend as long as it remains above the pivot point ( $2795 )
📈First Resistance Targets: $2808 / $2817
If #Gold successfully breaks above $2800 we may see a continuation towards higher resistance levels.
📊Key Action: If the H4 candle closes above the pivot point ( $2795 ) and the price crosses $2800 this could signal a potential #Buy position with targets at $2831 \$2842
A sustained close above $2800 would confirm the bullish momentum and open up further upside opportunities.
📊Key Levels:
📊Pivot Point: $2795
📉Support Targets $2780 / $2770
📉Target1) $2760
📉Target2) $2750
📉Target3) $2740
📉Target4) $2730
📉Demand Zone : 2726/2612
📈Resistance Targets: $2808 / $2817
📈New ATH : $2831 / $2841
📊Trend Outlook:
📈Bullish above : $2795 / $2800
📉Bearish below : $2795 / $2780
If you like my analysis, Don’t forget to Like, Follow & Comment
Please Check & Share Your Kind Opinions in the Comments section. Thanks! 🙏
Today on Monday 03 February 2025
#Gold Current Price is $2786 with Key ( Pivot Point: $2795 )
📉Bearish Scenario: #Gold is currently trading below the Pivot point ($2795) which suggests a bearish outlook.
📉First Support Targets: 2780 / 2770
If Gold continues below the pivot point it could further test the demand Zone at ( $2760 $2750, and $2740 )
📊Key Action : If the H4 candle closes below the pivot point ( $2795 ) consider a sell position targeting the support levels mentioned.
A break below $2760 would indicate further downside potential pushing Gold into the lower support levels.
📈Bullish Scenario: #Gold can maintain a bullish trend as long as it remains above the pivot point ( $2795 )
📈First Resistance Targets: $2808 / $2817
If #Gold successfully breaks above $2800 we may see a continuation towards higher resistance levels.
📊Key Action: If the H4 candle closes above the pivot point ( $2795 ) and the price crosses $2800 this could signal a potential #Buy position with targets at $2831 \$2842
A sustained close above $2800 would confirm the bullish momentum and open up further upside opportunities.
📊Key Levels:
📊Pivot Point: $2795
📉Support Targets $2780 / $2770
📉Target1) $2760
📉Target2) $2750
📉Target3) $2740
📉Target4) $2730
📉Demand Zone : 2726/2612
📈Resistance Targets: $2808 / $2817
📈New ATH : $2831 / $2841
📊Trend Outlook:
📈Bullish above : $2795 / $2800
📉Bearish below : $2795 / $2780
If you like my analysis, Don’t forget to Like, Follow & Comment
Trade active
#XAUUSD (GOLD) MARKET UPDATE February 4 2025
#New All Time High Perfect Execution Again 🎯
Another flawless analysis #Gold has smashed through resistance and is now in price discovery mode delivering massive profits
#Gold first surged to $2830 breaking our **first resistance at $2809 / $2817 and nearly hitting our
second resistance at $2831 just 10 pips away
Sharp rejection from $2830 sending Gold down to $2807 testing key support.
Massive breakout followed, taking Gold to Our All Time High Resistance $2831/ $2842 & created New All Time High $2869
✅ Currently trading at $2868 Gold is at a critical juncture for the next move!
📊Pips Captured:
📈Buy Movement Pips:
📈From $2786 to $2830 = 440 Pips
📈From $2807 to $2842 = 350 Pips
📉Sell Movement Pips:
📉From $2830 to $2807 = 230 Pips
📊Total Secured Pips: 1020+ PIPS 🎯🎯
📊Updated Market Outlook & Strategy*
Gold is now at $2865 and we’re closely watching key levels for the next move!
📉Bearish Scenario (Sell Setup)
If Gold fails to hold above $2860 and confirms a *4-hour candle close below*, we could see a pullback towards:
🔹$2850 → $2835 → $2820
A deeper correction could push Gold towards $2807 $2800 a key demand zone.
📈Bullish Scenario (Buy Setup) If #Gold holds above $2865 and gains momentum, expect further upside with new all-time high targets at:
🔹$2875 → $2890 → $2900 (Next Psychological Level!)
If Gold dips, we are buyers from $2850 – $2835 for another bullish leg up.
📊Key Levels to Watch:
📉Support: $2860 / $2850 / $2835
📈 Resistance: $2875 / $2890 / $2900
🔥Another perfect call! If you profited, drop a comment below
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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.