XAUUSD Intraday Analysis 02/04/2025
Satheesh Gobi
2/4/20251 min read
Technical analysis
1. Overview of Momentum and Market Structure
Current Momentum: Bullish.
Previous Day's Performance: Bullish.
Range: 2772 – 2830
Expectations: Anticipating a bullish continuation within the range, targeting higher liquidity levels..
Trading Plan
Bullish Bias
Strategy:
Watch for price reactions at the following support zones for potential long entries:
2804 (H1 FVG)
2800 (H1 FVG)
2793 (H1 Liquidity)
2789 (H1 FVG)
Targets:
Primary targets: 2824 (H1 Liquidity) and 2830 (Extreme Liquidity).
Extended target: 2850 (Further Bullish Expansion).
For Shorts
Strategy:
Monitor price action at the following resistance levels for potential reversals:
2830 (Extreme Liquidity)
2850 (Extended Target)
Confirmation:
Look for reversal patterns such as bearish engulfing candles or order block formations before entering short positions.
Targets:
Primary Targets: 2817 (previous SR level) and 2804 (H1 FVG).
