XAUUSD Weekly Analysis 02/01/2025
Satheesh V
Fundamental analysis
1. Overview of Momentum and Market Structure
Current Momentum: Bullish.
Previous Week's Performance: Bullish, with the price continuing its climb within a strong uptrend.
Previous Day's Performance: Bullish.
Range: 2730 – 2817
Expectations: Anticipating a bullish continuation within the range, targeting new highs.
Trading Plan
Bearish Bias
Strategy:
Watch for price action rejections at the following resistance zones:2817 (H4 Liquidity)
2850 Extension
Targets:
Primary target: 2790 (previous ATH) and 2786 (H4 FVG).
Secondary target: 2765 (Weekly Open)
For Long
Strategy:
Monitor price action at the following support levels for potential reversals:2786 (H4 FVG)
2776 (H4 FVG)
2765 (Weekly Open)
2744 (H4 Liquidity)
Confirmation:
Look for reversal patterns such as bullish engulfing candles or order block formations before entering long positions.Targets:
Primary Target: 2817 (H4 Liquidity).
Extended Target: 2850.
Summary
The bias remains bullish within the 2730 – 2817 range.
Long entries are favorable around support levels (2786, 2776, 2765,2744) with confirmation.
Short opportunities may arise near or above 2,817 if signs of exhaustion emerge.
Use your strict money management rules to manage risks effectively.
Technical analysis
Gold (XAU/USD) surged past $2,800, reaching a new all-time high as the US Dollar failed to capitalize on Federal Reserve policy decisions. The Fed's cautious stance, along with weaker-than-expected US GDP growth (2.3% vs. 2.6% forecast), fueled gold’s bullish momentum.
Key market drivers include upcoming US labor data, potential tariff announcements from President Trump, and Federal Reserve commentary. A weak NFP print below 150,000 could trigger further USD weakness, supporting gold. However, stronger job data may delay rate cut expectations, capping gold’s gains.
Near-term outlook remains bullish, with risk aversion and Fed policy uncertainty providing strong support for gold prices.