XAU/USD Analysis – H1 Prediction for 06/02/2025

📊 Gold Price Action & Key Levels
🔸 Price hovering around 2869.70 with consolidation.
🔸 Fibonacci Resistance Levels:

0.786: 2877.63
0.618: 2873.86
0.5: 2871.22
🔸 Support Zones:
2855-2858 (First demand area)
2836-2844 (Potential liquidity grab)
2830.55-2825 (Fair Value Gap - FVG)
2812-2817 (Deeper correction zone)
📉 Bearish Scenario: If price breaks below 2865, expect a move towards 2855-2858, followed by 2836-2844.
📈 Bullish Scenario: Holding above 2868 could lead to a retest of 2873-2877 before further highs.

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