๐ฅ XAU/USD Analysis โ February 4, 2025 ๐ฅ
๐ Current Price: $2,842.18 (+0.98%)
๐ Trend: Bullish momentum inside an ascending channel
๐ Key Levels to Watch:
๐ต Resistance: $2,928.75 โ If this level breaks, expect further upside movement! ๐
๐ต Support: $2,729.13 โ Strong demand zone; watch for pullbacks.
๐ด EMA 200: $2,534.85 โ Long-term bullish confirmation above this level! โ
๐ Possible Scenarios:
โ
Bullish Case: Price continues the uptrend, targeting $2,928.75 next. If broken, gold could see $3,000+ soon! ๐ฏ๐ฅ
โ ๏ธ Bearish Case: A rejection from resistance could lead to a pullback towards $2,800-$2,730.
๐ก Final Thoughts:
The bullish momentum is still strong, and dips could be buying opportunities! ๐๐ Watch for price action near key levels.
๐ข Gold bulls, are you ready for new highs? ๐๐ฐ