XAUUSD Daily Analysis 02/17/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Current Momentum: Bearish.
  Previous Day's Performance: Bearish.
  Range: 2,939 – 2,877

• Expectations: Price is expected to decline toward key liquidity levels before potential buying interest emerges.

Trading Plan

Bearish Bias

Strategy:

Look for short opportunities from key FVGs:

• 2,914 (H1 FVG)

• 2,917 (H4 FVG)

• 2,929 (H4 FVG)

Primary Targets:

• 2,877 (Extreme Liquidity - Range Low)

• 2,864 (H4 Liquidity)

For Long Positions

Strategy:

If price reaches major liquidity areas and forms a bullish reversal, consider buy setups:

• 2,877 (Extreme Liquidity)

• 2,864 (H4 Liquidity)

Buy Targets:

• 2,914 (H1 FVG)

• 2,917 (H4 FVG)

• 2,929 (H4 FVG)

• 2,942 (ATH - All-Time High)

Summary

• Bearish bias remains valid below 2,929, with downside targets at 2,877 – 2,864.

• Potential buy opportunities exist at 2,877 (Extreme Liquidity) and 2,864 (H4 Liquidity), but confirmation is needed.

• A clean break above 2,929 could invalidate the bearish bias and shift focus to long setups.

• Monitor price action closely for reaction at key levels.