Setup Failed. From ...من CLOVER GOLD FX

Setup Failed. From a technical perspective, gold’s surge on October 20, 2025, was supported by a strong bullish breakout above the previous resistance zone near $4,150 per ounce, confirming a continuation of the uptrend that had been forming since early Q3 2025. The move was accompanied by high trading volume and a bullish crossover on major momentum indicators such as the MACD and RSI, signaling strong buying pressure. The price also remained well above key moving averages particularly the 50-day and 200-day EMAs which acted as dynamic support levels. In addition, a weakening U.S. dollar index (DXY) and falling bond yields further reinforced the bullish technical setup. Together, these factors created a confluence of technical signals that drove gold to a new all-time high around $4,300 per ounce during that week.

تم التحرير 21 Oct 2025, 01:35

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EURAUD on the 4H timeframe is showing a clear bearish structure as the market breaks below the major support zone that has now turned into strong resistance. After completing a corrective ABC cycle followed by a five-wave rising wedge pattern, price failed to sustain higher highs and reversed sharply from the upper trendline. The break and retest of the highlighted zone confirm seller dominance, and the consistent lower lows signal continuation of downside momentum. With the structure shifting fully bearish, the current breakout suggests that EURAUD may extend toward deeper downside targets as long as price remains below the resistance area, giving sellers control and increasing the probability of further decline.

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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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The GBPCAD 4H chart shows a corrective phase completing after a broader bearish structure followed by a developing bullish reaction from strong horizontal support around the 1.8330–1.8350 zone. Price previously respected a descending channel and completed an impulsive move down, labeled into a five-wave decline, indicating bearish exhaustion near wave 5. From this base, the market formed an ABC corrective structure where price repeatedly defended the same horizontal support, highlighting strong buyer interest and liquidity absorption. The recent decline into point C aligns with a higher-probability reversal area, suggesting sellers are weakening while buyers are gradually gaining control. As long as price holds above this support, the structure favors a bullish recovery with upside potential toward the previous corrective high near 1.8650, which also aligns with the dotted resistance projection. A clean hold and bullish confirmation from this zone could trigger a sustained move higher, while a decisive break below support would invalidate the bullish outlook and reopen downside risk.

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