🔥 XAU/USD Analysis – February 4, 2025 🔥
📈 Current Price: $2,842.18 (+0.98%)
📊 Trend: Bullish momentum inside an ascending channel
🔍 Key Levels to Watch:
🔵 Resistance: $2,928.75 – If this level breaks, expect further upside movement! 🚀
🔵 Support: $2,729.13 – Strong demand zone; watch for pullbacks.
🔴 EMA 200: $2,534.85 – Long-term bullish confirmation above this level! ✅
📉 Possible Scenarios:
✅ Bullish Case: Price continues the uptrend, targeting $2,928.75 next. If broken, gold could see $3,000+ soon! 🎯🔥
⚠️ Bearish Case: A rejection from resistance could lead to a pullback towards $2,800-$2,730.
💡 Final Thoughts:
The bullish momentum is still strong, and dips could be buying opportunities! 📊👑 Watch for price action near key levels.
📢 Gold bulls, are you ready for new highs? 🚀💰