XAUUSD Intraday Analysis 02/11/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Current Momentum: Bullish.
  Previous Day's Performance: Bullish.
  Range: 2852 – 2942
  Expectations: Anticipating a bullish move within the range, targeting higher liquidity levels.

Trading Plan

Bullish Bias

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

• 2896 (H1Liquidity).

• 2887(Daily FVG).

Targets:

• Primary targets: 2911 (SR Level) 2942 (Extreme liquidity).

• Extended target: 2950(Extension).

For Shorts

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

• 2942 (Extreme liquidity).

• 2950 (Extension).

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 bullish within the 2852 – 2942 range.

• Long entries are favorable around 2896– 2887, with confirmation from price action.

• Short opportunities may arise near or above 2942– 2950 if signs of exhaustion emerge.

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