XAUUSD (GOLD READY FOR RETEST) Selling Opportunities Ahead

Hello traders! today 4th February 2025 and here is my Analysis chart

Please Share your thoughts in the Comments section Thanks!


XAUUSD work in parallel trendline and its trying to make a big new high but bears also trying to drop the gold. And Gold is currently trading below the Pivot Point (2812) which Suggest a Bearish outlook.

First Target: 2800
2nd Support Target: 2785/2780

If Gold continues below the pivot point it could further test the demand zone at (2770/2765 and 2760)
Key Action: If the any H4 candle closes below the (2800) 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.

Key Levels:
Bearish Trend:
Sell Target:
1st Target: (2800)
2nd Support Target: (2785/2780)
Demand Zone: (2770/2765 and 2760)

This is my personal Opinion If You Like my Analysis Please dont forget Like and Comment