XAUUSD Intraday Analysis 02/05/2025
Satheesh Gobi
2/5/20251 min read
Technical analysis
1. Overview of Momentum and Market Structure
Current Momentum: Bullish.
Previous Day's Performance: Bullish.
Range: 2807 – 2845
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:
2838 (H4 FVG)
2830 (SR Level)
2821 (H4 FVG)
2817 (H1 FVG)
Targets:
Primary targets: 2860 (Extension).
Extended target: 2870 (Extension).
For Shorts
Strategy:
Monitor price action at the following resistance levels for potential reversals:
2860 (Extension Level)
2870 (Extension Level)
Confirmation:
Look for reversal patterns such as bearish engulfing candles or order block formations before entering short positions.
Targets:
Primary Target: 2838 (H4 FVG) and 2830 (SR Level).
Extended Target: 2807 (Range Low).
Summary
The bias remains bullish within the 2807 – 2845 range.
Long entries are favorable around 2830 – 2817, with confirmation from price action.
Short opportunities may arise near or above 2860 – 2870 if signs of exhaustion emerge.
Use your strict money management rules to manage risks effectively.