Gold next move (weekly forecast)(3rd Feb -- 7th Feb-2025)

2 feb

Go through the analysis carefully, and do trade accordingly.

Anup 'BIAS for the week (3rd Feb -- 7th Feb-2025)

Current price- 2798

1st Scenario, (bearish move)

"if Price stays below 2810, then next target is 2792, 2772 and 2762 and below that 2750"

if price violates the 1st Scenario (i.e. close above 2810), then next target is 2820, 2825 and 2830.
Then focus on 2830-2832

2nd Scenario, (bearish move) (once the price reach 2828-30), then we can open sell position and follow the below mentioned BIAS

"if Price stays below 2845, then next target is 2820, 2810 and 2795.

-POSSIBILITY-1
Wait (as geopolitical situation are worsening )

-POSSIBILITY-2
Wait (as geopolitical situation are worsening)



Best of luck
Never risk more than 1% of principal to follow any position.
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3 feb

Trade attivo

PRICE FOLLOW 1st scenario,
Gold position gave us +260 PIPS IN PROFIT (2898-2872)

3 feb

Nota

GOLD HIT STRONG BUYING AREA AS SUGGESTED IN THE CHART,
GOLD BUY POSITION GAVE US +580 PIPS IN PROFIT (2772-2830)

3 feb

Nota

GOLD HIT STRONG SELLING AREA AS SUGGESTED IN THE CHART (2830-2835) AND REJECTED,
now the sell position is running +170 PIPS IN PROFIT (2831-2814)