The Daily Edge - 14th Feb 2025

Bulls Hold Control as XAUUSD Targets Higher Prices

Market Overview

• Thursday’s session confirmed bullish momentum, closing above Tuesday’s bearish open and establishing a new POI for long entries near 2910.
  
• Price opened and closed above 2900, forming a Short-Term Higher Low (ST-HL) at 2864 from Wednesday’s session.
  
• The weekly candle continues expanding bullishly, with 2942 as the first target and a possible extension to 3000.
  

Key Observations

• Bullish structure intact: Thursday’s close above 2910 POI reinforces the uptrend.
  
• 4H chart confirms trend strength: Consolidation → Expansion → Retracement → Continuation pattern remains valid.
  
• Weekly expansion holding: Higher timeframe structure supports continued bullish momentum.
  

Our Next Steps

• Manage long positions, holding as long as price respects the trend.
  
• Monitor 4H POIs at 2910 and 2920 for re-entry opportunities.
  
• Be mindful of pullbacks while momentum remains strong.
  

How does recognizing higher timeframe expansion help refine trade entries and management?

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