Gold (XAU/USD) Price Action Analysis & Trading Signal – February 4, 2025
Market Structure & Key Zones:
The price is currently ranging between $2,813 – $2,825.
There are two identified buying zones:
First Buy Zone: $2,810 – $2,813
Second Buy Zone: $2,796 – $2,799
Resistance levels:
First Target: $2,825
Second Target: $2,841
Trading Strategy & Signal:
Scenario 1: Buy from First Zone ($2,810 – $2,813)
If price finds support and shows bullish rejection (e.g., pin bars, engulfing candles), enter long.
Entry: $2,810 – $2,813
TP1: $2,825
TP2: $2,841
SL: Below $2,804
Scenario 2: Buy from Second Zone ($2,796 – $2,799) if the first zone fails
If price breaks below $2,810 but respects $2,796, look for reversal signs to buy.
Entry: $2,796 – $2,799
TP1: $2,813
TP2: $2,825
SL: Below $2,790
Conclusion:
Gold is currently in a range-bound structure, and we are looking for bullish confirmation before entering. Patience is key—wait for price action signals at the highlighted demand zones before executing a trade.
Please like follow and show support.