GBPCHF remains confi...from CLOVER GOLD FX

GBPCHF remains confined within a well-defined descending channel while also respecting a secondary, tighter channel within it. Price has recently tested vertical resistance and is showing clear exhaustion, forming a head and shoulders pattern on the lower timeframe. Simultaneously, RSI divergence confirms weakening bullish momentum, signaling a potential reversal. A clean break below the neckline of the H&S structure would provide a high-probability short setup, with downside targets aligning with key support levels inside the broader bearish structure. However, a strong breakout above resistance could invalidate the setup, requiring reassessment for potential bullish continuation.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

#xauusd #xᴀᴜᴜsᴅ Gold on the 4H chart shows that the market completed a five wave bullish structure and after reaching the top it started a corrective phase that moved down in three clear waves labeled a b and c the price is reacting around the horizontal support zone where buyers are trying to regain control the descending trend line marks the limit of the corrective phase and a breakout above it may indicate the start of a fresh upward movement the pattern suggests that gold might build strength around this area before targeting higher levels again showing a possible shift from correction to continuation of the overall bullish trend

CLOVER GOLD FX

XAUUSD on the 4H is compressing inside a clean symmetrical triangle after completing a corrective structure where price respected both trendlines perfectly showing strong buildup of pressure as buyers continue to defend higher lows while sellers cap the highs and this type of consolidation often leads to an explosive breakout with momentum favoring an upside continuation if price holds above support and confirms a bullish break and retest toward the upper trendline opening the path for a measured expansion move toward the next major resistance area while risk remains defined below the triangle base.

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.

CLOVER GOLD FX