XAUUSD Intraday Analysis 02/12/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Current Momentum: Bearish.
  Previous Day's Performance: Bearish.
  Range: 2942 – 2881
  Expectations: Anticipating a bearish continuation within the range, targeting lower liquidity levels.

Trading Plan

Bearish Bias

Strategy:
Watch for price rejections at the following resistance zones:

• 2908 (H1 Liquidity)

• 2911 (SR Level)

• 2915 (H1 FVG)

• 2921 (M30 FVG)

• 2929 (H1 Liquidity)

Targets:

• Primary targets: 2881 (Extreme Liquidity).

• Extended targets: 2865 (H4 FVG), 2852 (H4 Liquidity), 2844 (Extension).

For Longs

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

• 2852 (H4 Liquidity)

• 2834 (H4 Liquidity)

• 2830 (Daily FVG)

• 2817 (Weekly FVG)

Confirmation:
Look for reversal patterns such as bullish engulfing candles or order block formations before entering long positions.

Targets:

• Primary Targets: 2882 (SR Level), 2886 (SR Level).

• Extended Targets: 2908 (H1 Liquidity), 2915 (H1 FVG).

Summary

• The bias remains bearish within the 2942 – 2881 range.

• Short entries are favorable around 2908 – 2929, with confirmation from price action.

• Long opportunities may arise near or below 2852, if signs of exhaustion emerge.

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