Gold XAUUSD Possible Move 06.02.2025

Market Analysis:
Previous Price Action:
The price was consolidating in a range (blue zone) before a breakout.
A strong bullish move followed, but then price retraced sharply.

Support & Resistance Levels:
Key Support Zones: 2,910 – 2,902 and 2,898 – 2,890
Key Resistance Zones: 2,928 and 2,942

Price Behavior:
The price is currently testing 2,910, a critical zone.
If this support holds, we expect a bullish reversal.
If it breaks, the next support at 2,898 will be the next key level for buying.

📈 Trading Signal & Entry Plan:
✅ Setup 1: Buy from 2,910
Entry: 2,910
Stop Loss (SL): 2,902 (below recent support)
Take Profit 1 (TP1): 2,928
Take Profit 2 (TP2): 2,942
Risk-Reward Ratio: 1:2+
👉 If SL (2,902) is hit, move to the second setup.

✅ Setup 2: Buy from 2,898 (if price breaks below 2,910)
Entry: 2,898
Stop Loss (SL): 2,890
Take Profit 1 (TP1): 2,928
Take Profit 2 (TP2): 2,942
Risk-Reward Ratio: 1:3 (higher probability trade)

📌 Conclusion & Trading Plan
✔ First buy at 2,910 – If it holds, price should move up to 2,928-2,942.
✔ If SL (2,902) hits, buy at 2,898 with a tighter stop.
✔ Both setups have a good risk-reward ratio, following a bullish bias.

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