XAUUSD Intraday Analysis 02/10/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Current Momentum: Bearish.
  Previous Day's Performance: Bearish Rejection.
  Range: 2886 – 2852
  Expectations: Anticipating a bearish move within the range, targeting lower liquidity levels.

Trading Plan

Bullish Bias

Strategy:
Watch for price reactions at the following support levels for potential long entries:

• 2834 (H4 Liquidity).

• 2830 (Daily FVG).

• 2817 (Weekly FVG).

Targets:

• Primary targets: 2873 (H1 FVG).

• Extended target: 2882 (SR Level).

For Shorts

Strategy:
Monitor price action at the following resistance levels for potential reversals:

• 2873 (H1 FVG).

• 2882 (SR Level).

Confirmation:
Look for reversal patterns such as bearish engulfing candles or order block formations in lower time frame (M15/M30) before entering short positions.

Targets:

• Primary Target: 2852 (H1 Liquidity) and 2834 (H4 Liquidity).

• Extended Target: 2830 (Daily FVG) and 2817 (Weekly FVG).

Summary

• The bias remains bearish within the 2886 – 2852 range.

• Short entries are favorable around 2873– 2882, with confirmation from price action.

• Long opportunities may arise near or below 2834 – 2817 if signs of exhaustion emerge.

• Use your strict money management rules to manage risks effectively.