XAUUSD Intraday Analysis 02/06/2025
Satheesh Gobi
2/6/20251 min read
Technical analysis
1. Overview of Momentum and Market Structure
Current Momentum: Bullish.
Previous Day's Performance: Bullish.
Range: 2839 – 2882
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:
2858 (H1 Liquidity)
2855 (M30 Liquidity)
2849 (H4 FVG)
Targets:
Primary targets: 2882 (Extreme Liquidity).
Extended target: 2886 (Extension).
For Shorts
Strategy:
Monitor price action at the following resistance levels for potential reversals:
2882 (Extreme Liquidity)
2886 (Extension Level)
Confirmation:
Look for reversal patterns such as bearish engulfing candles or order block formations before entering short positions.
Targets:
Primary Target: 2858 (H1 Liquidity) and 2855 (M30 Liquidity).
Extended Target: 2849 (H4 FVG).
Summary
The bias remains bullish within the 2839 – 2882 range.
Long entries are favorable around 2858– 2849, with confirmation from price action.
Short opportunities may arise near or above 2882 – 2886 if signs of exhaustion emerge.
Use your strict money management rules to manage risks effectively.