🎯 Macro Summary & Bias: USD Stability Triggers Profit-Taking
Gold is extending its corrective slide from the all-time high zone, hitting around $4,331 - $4,330.
Primary Headwind: The US Dollar (USD) attracted buyers for three consecutive days, causing stability which triggered profit-taking in the overbought Gold market.
Long-Term Support: DXY trades slightly negatively due to the US government shutdown and trade tensions, keeping the long-term bullish outlook intact.
Technical Bias: The market is in a deep correction/profit-taking phase. Our focus is strictly on finding the FIBO BUY REACT ZONES to join the underlying bullish trend. DO NOT CHASE THE SELL MOVE.
📊 In-Depth Technical Analysis (H1): Pinpointing the FIBO Reaction Levels
Based on the current corrective structure and the Fibo/Volume zones defined on image_ddd575.png, we have our strategic levels:
1. Strategic SELL Zones (FIBO SELL REACT ZONES):
These are current resistance areas for short-term rejection or supply zone testing:
REACTION FIBO SELL ZONE 4340 - 4320: Current resistance. Look for a SCALP SELL opportunity if the price rejects this zone.
REACTION SELL ZONE - Big Volume for Sell Side 435x: Major supply/liquidity zone if price attempts a deeper retracement.
2. Strategic BUY Zones (FIBO BUY REACT ZONE):
These are the most critical Fibo support zones for initiating Long entries:
REACTION FIBO BUY ZONE 4270 - 4265: The first crucial Fibo Retracement support.
REACTION BUY ZONE - Big Volume For Buy Side 4230 - 4220: The high-volume demand zone and optimal entry point for the major Long trade.
📈 TODAY'S ACTION PLAN
Primary Action (Prioritize BUY): Wait for the price to correct to the REACTION FIBO BUY ZONE 4270 - 4265 or 4230 - 4220.
Long Entry: Execute the BUY entry only upon confirmed reversal candles (H1/M30/M15).
Scalp SELL Action: If the price strongly rejects the 4340 - 4320 zone, a quick SCALP SELL targeting the nearest BUY ZONE can be considered.
Targets (TP): Aim for the highs and the 435x Sell Zone for the Longs.
⚠️ Risk Warning
Risk Management: Always place a safe Stop Loss (SL) below the nearest active BUY ZONE. DO NOT OVERLEVERAGE in this corrective phase.
Wishing all FranCi$$_FiboMatrix traders a disciplined and victorious day!
Gold is extending its corrective slide from the all-time high zone, hitting around $4,331 - $4,330.
Primary Headwind: The US Dollar (USD) attracted buyers for three consecutive days, causing stability which triggered profit-taking in the overbought Gold market.
Long-Term Support: DXY trades slightly negatively due to the US government shutdown and trade tensions, keeping the long-term bullish outlook intact.
Technical Bias: The market is in a deep correction/profit-taking phase. Our focus is strictly on finding the FIBO BUY REACT ZONES to join the underlying bullish trend. DO NOT CHASE THE SELL MOVE.
📊 In-Depth Technical Analysis (H1): Pinpointing the FIBO Reaction Levels
Based on the current corrective structure and the Fibo/Volume zones defined on image_ddd575.png, we have our strategic levels:
1. Strategic SELL Zones (FIBO SELL REACT ZONES):
These are current resistance areas for short-term rejection or supply zone testing:
REACTION FIBO SELL ZONE 4340 - 4320: Current resistance. Look for a SCALP SELL opportunity if the price rejects this zone.
REACTION SELL ZONE - Big Volume for Sell Side 435x: Major supply/liquidity zone if price attempts a deeper retracement.
2. Strategic BUY Zones (FIBO BUY REACT ZONE):
These are the most critical Fibo support zones for initiating Long entries:
REACTION FIBO BUY ZONE 4270 - 4265: The first crucial Fibo Retracement support.
REACTION BUY ZONE - Big Volume For Buy Side 4230 - 4220: The high-volume demand zone and optimal entry point for the major Long trade.
📈 TODAY'S ACTION PLAN
Primary Action (Prioritize BUY): Wait for the price to correct to the REACTION FIBO BUY ZONE 4270 - 4265 or 4230 - 4220.
Long Entry: Execute the BUY entry only upon confirmed reversal candles (H1/M30/M15).
Scalp SELL Action: If the price strongly rejects the 4340 - 4320 zone, a quick SCALP SELL targeting the nearest BUY ZONE can be considered.
Targets (TP): Aim for the highs and the 435x Sell Zone for the Longs.
⚠️ Risk Warning
Risk Management: Always place a safe Stop Loss (SL) below the nearest active BUY ZONE. DO NOT OVERLEVERAGE in this corrective phase.
Wishing all FranCi$$_FiboMatrix traders a disciplined and victorious day!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.