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Gold Forecast for Today: XAUUSD Analysis 05.02.2025

Gold continues to strengthen within the short-term uptrend. The price pierced the Gold Zone 2819 – 2813 yesterday. The next bullish target is the Target Zone 2, 2882 – 2871. Consider holding long trades open until the asset reaches the target.

If a correction unfolds, the quotes may drop to the support (A) 2800 – 2794. Once this zone is tested, one may consider long trades with the first target of 2826 and the second one near today’s high.

XAUUSD Trading Ideas for Today:

Buy near support (A) 2800 – 2794.
TakeProfit: 2826, 2858.
StopLoss: 2783.

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