#XAUUSD (GOLD) SELL OR BUY ?

4 days ago

#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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14 minutes ago

Trade active

#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

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📈 #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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