The Daily Edge - 13th Feb 2025
XAUUSD Holds Above 2900 as Bullish Momentum Builds
Market Overview
Key Observations
Our Next Steps
Holding long positions, targeting previous ATHs.
Monitoring 4H breakout structure:
Primary target: 2950 ATH, with 3000 as an extended target.
How does the 4H chart help refine confidence in trade entries within a larger trend?
#XAUUSD #Gold #TradingView #MarketAnalysis #PriceAction #PipsnPaper
Market Overview
- Price tested 2870-2880 POI, reacted with a strong buying wick, and closed above 2900.
- The weekly profile suggests further continuation into Thursday and Friday.
- Re-entered long positions at POI using 4H chart confirmation.
Key Observations
- 4H Chart Confirmation: Price consolidated before breaking out, with a high-volume node near 2870 acting as support.
- Inside Bar Formation: Price is stalling above 2900, signaling a potential breakout or downside fakeout.
Our Next Steps
Holding long positions, targeting previous ATHs.
Monitoring 4H breakout structure:
- A break above 2922 signals further expansion.
- A fakeout below 2905 may offer another long re-entry.
Primary target: 2950 ATH, with 3000 as an extended target.
How does the 4H chart help refine confidence in trade entries within a larger trend?
#XAUUSD #Gold #TradingView #MarketAnalysis #PriceAction #PipsnPaper
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.