Gold (XAU/USD) remai...from CLOVER GOLD FX

14 Feb 2025, 09:37 · Views 112

Gold (XAU/USD) remains well-supported above the 2900 mark as market participants capitalize on dips amid persistent macro uncertainties. The combination of a softer USD and escalating tariff concerns underpins bullish sentiment, though reduced Fed rate cut expectations may cap aggressive upside momentum. Technical structure favors buyers as long as key support holds, with upside targets near 2925 and 2950. A break below 2900 could trigger deeper retracements, but overall, gold remains a "buy-the-dip" play as geopolitical risks and economic uncertainty continue to drive safe-haven demand.

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EURGBP is respecting a well defined ascending support line, showing that buyers continue to defend higher lows despite recent corrective pressure. After forming a symmetrical triangle between wave W and wave X the pair broke to the upside, completing wave Y and creating a three-wave corrective structure labeled A B and C. Price has now tapped the ascending support at point C indicating the correction may be complete and suggesting the potential beginning of a fresh bullish impulse. As long as this support trendline holds the market structure favors an upward continuation, with buyers likely aiming for a retest of previous highs.

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Price continued its move lower to complete the final leg of this corrective phase. Right now, we’re tracking the last wave of a (w)-(x)-(y) complex correction, likely finishing soon near the lower trendline support. Once Wave (c) of (y) is complete, the next move should be impulsive and that’s where opportunity exists. ✅ Here’s what to focus on: 🔹 Corrections are designed to shake traders out 🔹 Impulsive moves follow when sentiment is weakest 🔹 Patience here is your real weapon Most traders panic at the end of Wave 4… …but disciplined traders prepare for Wave 5. 🚀 Don’t force trades during the correction. Let the structure finish then execute with a plan.

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#GBPUSD 🇬🇧🇺🇸 👨🏼‍💻 Update your trading plan and your mindset every single day! 📍 Here are 4 things that will always pay off in the long run: 👉🏻 Trust your plan, not your emotions. 👉🏻 Focus on today’s setup, not yesterday’s mistakes. 👉🏻 Follow the process, not the outcome. 👉🏻 Improve your discipline, not just your strategy.

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USDJPY on the 1D timeframe is trading inside a clean ascending channel where price has respected both the upper and lower boundaries multiple times showing strong structure control buyers pushed price impulsively from the lower channel support creating a sharp bullish leg that completed a corrective move near the upper boundary after this exhaustion signs appeared near the top of the channel indicating weakening momentum and potential profit taking price is now reacting lower suggesting a corrective phase could unfold toward the mid or lower channel support as long as the channel holds the overall trend remains bullish but short term pressure favors a pullback before the next directional move confirmation will come from how price behaves near channel support where buyers may step in again to continue the higher structure or a break could shift the bias bearish.

CLOVER GOLD FX

After completing a strong nine-week bullish sequence on the weekly chart, XAUUSD appears to be entering a corrective phase that mirrors previous market behavior seen after extended impulsive rallies. Historically, such prolonged bullish runs often trigger profit-taking and short-term reversals as momentum fades and institutional traders rebalance positions. The current structure shows signs of exhaustion at the top, with a shift from large impulsive candles to smaller corrective ones, suggesting reduced buying pressure. If history repeats, gold may retrace toward the 50% Fibonacci zone, a level that often acts as a natural equilibrium between buyers and sellers before the broader trend resumes. This area also aligns with prior consolidation zones, making it a potential demand region where new accumulation could begin if the long-term uptrend remains intact.

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