XAU/USD - H1 Prediction for 06/02/2025

Gold (XAU/USD) - H1 Prediction for 06/02/2025

📈 Bullish Continuation with Possible Retracement

🔹 Current Price: 2,866.41
🔹 Key Resistance Levels:

2,867 - 2,870 (Short-term resistance)
2,890.41 (Major resistance)
2,912.32 (Ultimate target)
🔹 Key Support Levels:

2,849 - 2,852 (Potential retracement zone)
2,836 - 2,844 (Liquidity & FVG zone)
2,830.55 - 2,825 (Major demand zone)
2,807 - 2,812 (Deep pullback zone)
🔹 Market Outlook:

Gold may test 2,867 - 2,870 before a potential retracement.
If price holds above 2,849 - 2,852, continuation towards 2,890.41 is likely.
A drop below 2,825 could trigger deeper correction.
🔹 Trade Setup:
✅ Buy Zone: 2,836 - 2,844 (Look for bullish confirmations)
✅ Target: 2,890.41 - 2,912.32
✅ Invalidation: Sustained drop below 2,825

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