📊 Support – Resistance – Fibonacci Analysis
1. Trend Overview
Price has broken below the ascending channel, signaling a shift into a corrective downtrend phase.
2. Key Resistance Zone
4,155 – 4,170
Confluence of Fibonacci retracement 0.5 – 0.618
Overlaps with a supply zone + EMA20
→ Strong resistance, high probability of selling pressure.
This is also the expected pullback/retest area before the next bearish leg.
3. Key Support Levels
Support 1 – 4,108
Fibonacci extension 1.0
Horizontal support
→ Likely to generate a short-term reaction.
Support 2 – 3,950 (Fibo 2.618)
Major downside target if the structure fully breaks
→ Primary bearish target for a deeper continuation.
4. Price Scenario
Price may pull back toward 4,155 – 4,170, then:
→ Resume the downtrend, targeting 4,108.
A clean break below 4,108 opens the path toward 3,950 (Fibo 2.618).
BUY GOLD : 3950 - 3947
Stoploss : 3937
Take Profit : 100-300-500pips
SELL GOLD : 4250 - 4253
Stoploss : 4263
Take Profit : 100-300-500pips
1. Trend Overview
Price has broken below the ascending channel, signaling a shift into a corrective downtrend phase.
2. Key Resistance Zone
4,155 – 4,170
Confluence of Fibonacci retracement 0.5 – 0.618
Overlaps with a supply zone + EMA20
→ Strong resistance, high probability of selling pressure.
This is also the expected pullback/retest area before the next bearish leg.
3. Key Support Levels
Support 1 – 4,108
Fibonacci extension 1.0
Horizontal support
→ Likely to generate a short-term reaction.
Support 2 – 3,950 (Fibo 2.618)
Major downside target if the structure fully breaks
→ Primary bearish target for a deeper continuation.
4. Price Scenario
Price may pull back toward 4,155 – 4,170, then:
→ Resume the downtrend, targeting 4,108.
A clean break below 4,108 opens the path toward 3,950 (Fibo 2.618).
BUY GOLD : 3950 - 3947
Stoploss : 3937
Take Profit : 100-300-500pips
SELL GOLD : 4250 - 4253
Stoploss : 4263
Take Profit : 100-300-500pips
ملاحظة
The price is still moving sideways in the range of about 50 prices, wait for a break and set the targets.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
✅MY FREE FOREX & XAUUSD SIGNALS TELEGRAM CHANNEL:
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
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🔴24/7 support for newbies.
🔴You always have priority.
FXWARRIOR 😘
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
FXWARRIOR 😘
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.