📊 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
Note
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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✅MY FREE FOREX & XAUUSD SIGNALS TELEGRAM CHANNEL:
t.me/+ZuY5gdO0R-k5NWM1
🔴9-12 signals per day
🔴Free knowledge support
🔴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 😘
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.