Gold XAUUSD Possible Move 06.02.2025

6 Feb

Market Analysis: Incomplete Head and Shoulders Pattern with Breakout & Retest Strategy

Pattern Identified:
The chart presents an incomplete Head and Shoulders (H&S) pattern, which suggests a potential reversal or continuation depending on price action at key levels. The neckline of the pattern aligns with the green support zone.

Key Levels:
Resistance Zone (Red Area - ~2,872): Price has tested this zone multiple times, making it a key level for a breakout.
Support Zone (Green Areas - ~2,860 and ~2,844): These zones act as crucial demand areas, where price could either bounce or break lower.

Possible Trade Scenarios:
Bullish Breakout:
If price breaks above the red resistance (~2,872) and successfully retests it as support, this would confirm a bullish continuation.
Entry Signal: Buy after a confirmed retest with bullish momentum.
Target: Next resistance levels around 2,884 - 2,890.
Stop-Loss: Below the previous structure (~2,864).

Bearish Breakdown:
If price fails at resistance and breaks below the green support (~2,860), a bearish move is likely.

Entry Signal: Sell after a successful retest of the broken support (~2,860) as new resistance.
Target: Lower support zone around 2,844.
Stop-Loss: Above the broken level (~2,868).

Neutral Range-Bound Scenario:
If price remains trapped between 2,860 and 2,872, traders should wait for a breakout before entering trades.

Trade Signal (Based on Breakout Confirmation)
Buy Signal: If price breaks and retests above 2,872, enter long with a target of 2,884+.
Sell Signal: If price breaks and retests below 2,860, enter short with a target of 2,844.

This strategy ensures safe trading by waiting for confirmation before taking positions.

Kindly follow, comment, and like to show support.

6 Feb

Nota

Our intra day setup gave away 100+ setup on successfully retesting the 2860 then went to hit 2849 area.

6 Feb

Dagangan ditutup: sasaran tercapai

Target 2846 reached successfully. More than 200+ pips in the profit. Enjoy.