WagmiGoats Insights (WGi) 📊
WagmiGoats Insights (WGi) 📊
February 4, 2025 at 08:25 PM
*🔹 5 FEB 25’ GOLD FORECAST* *🟡 GOLD ANALYSIS* 📌 Gold surged to a new all-time high, reaching $2,856, driven by safe-haven demand amid escalating U.S.-China trade tensions. However, the price is now facing a short-term pullback. *📉 Intraday Price Action:* 🔸 Current Price: $2,834 🔸 Correction Expected: Gold is likely to test $2,823 before resuming its uptrend toward $2,845 and $2,856. 🔸 Key Breakout Level: $2,809 – Staying above this keeps the bullish structure intact. A break below $2,809 could trigger further declines. *📊 GOLD KEY LEVELS* 💠 Pivot Point: $2,834 💠 Resistance Levels: $2,845, $2,856, $2,865 💠 Support Levels: $2,823, $2,809, $2,797 *💹 TREND OUTLOOK* ✅ Bullish above $2,823 📍 Expected movement range: $2,823 – $2,845 ❌ Bearish if price breaks below $2,809, which could push gold toward $2,797. ——————————————— *🟢 DRIVERS BEHIND GOLD MOVEMENT:* 💬 Gold holds near record highs as demand for safe-haven assets remains strong. 💬 U.S. dollar pares gains after the Trump administration delayed tariffs
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