Gold smashed the $5,600 blow-off top and dropped hard ~10% to test right at the 0.618 Fib retracement ($4,410). That violent shakeout looks complete, classic profit-taking after the parabolic run, weak hands flushed, volume likely drying on any further dips. Structure from late 2025 bull trend still intact.
Holding here sets up resumption higher toward the measured extensions in the $6,400–$6,600 zone (green box target).
A close back above $4,700 would lock in the higher low and give bulls strong conviction. For now: dip bought aggressively? Or waiting for confirmation? What’s your read, correction over, or one more leg down?
Disclaimer: Not financial advice. Trading involves significant risk of loss. Do your own research. Past performance is not indicative of future results. For educational purposes only.
- FIBCOS
#Gold #XAUUSD #Fibonacci
Holding here sets up resumption higher toward the measured extensions in the $6,400–$6,600 zone (green box target).
A close back above $4,700 would lock in the higher low and give bulls strong conviction. For now: dip bought aggressively? Or waiting for confirmation? What’s your read, correction over, or one more leg down?
Disclaimer: Not financial advice. Trading involves significant risk of loss. Do your own research. Past performance is not indicative of future results. For educational purposes only.
- FIBCOS
#Gold #XAUUSD #Fibonacci
Operación activa
Bought the dipNota
Hopefully! You are all riding with this.
Nota
A classic 6500+ pips move so far
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.