XAUUSD – HTF Exhaustion at 1.618 | Major Volatility Signal Formed
GOLD HAS PRINTED ITS BIGGEST DOJI IN ENTIRE HISTORY OF DAY CANDLE NEARLY 490$ FROM LOW TO HIGH AND ENDED WITH INDECISION. LETS SEE WHAT HAPPENS NEXT . WAIT FOR LOW AND HIGH OF DOJI.......?
Gold has reacted precisely from the 1.618 Fibonacci extension zone (~5600), where price printed a high at 5597.04 and faced strong rejection.
The current Daily candle is forming an exceptionally large indecision candle (Doji-like structure) after a strong impulsive move.
With an intraday range of nearly 490$, this candle highlights clear exhaustion and aggressive profit-taking at premium prices.
Technical Perspective
Clear rejection from the 1.618 extension resistance
Strong volatility spike following a vertical price expansion
Daily candle structure suggests weakening bullish momentum
Key HTF Levels to Watch
Resistance / Supply: 5580 – 5615
Immediate Reaction Zone: 5350 – 5400
Major Support / Rebalancing Area: 5000 – 4900
HTF Value Area Low: Below 4900 (only if bearish momentum accelerates)
Expectation (Next Sessions / 1–2 Weeks)
As long as price remains below the 1.618 rejection zone, probability favors:
Consolidation or corrective price action
Gradual rotation toward 5000–4900 HTF demand
No immediate V-shaped recovery unless strong acceptance above 5600 is seen
GOLD HAS PRINTED ITS BIGGEST DOJI IN ENTIRE HISTORY OF DAY CANDLE NEARLY 490$ FROM LOW TO HIGH AND ENDED WITH INDECISION. LETS SEE WHAT HAPPENS NEXT . WAIT FOR LOW AND HIGH OF DOJI.......?
Gold has reacted precisely from the 1.618 Fibonacci extension zone (~5600), where price printed a high at 5597.04 and faced strong rejection.
The current Daily candle is forming an exceptionally large indecision candle (Doji-like structure) after a strong impulsive move.
With an intraday range of nearly 490$, this candle highlights clear exhaustion and aggressive profit-taking at premium prices.
Technical Perspective
Clear rejection from the 1.618 extension resistance
Strong volatility spike following a vertical price expansion
Daily candle structure suggests weakening bullish momentum
Key HTF Levels to Watch
Resistance / Supply: 5580 – 5615
Immediate Reaction Zone: 5350 – 5400
Major Support / Rebalancing Area: 5000 – 4900
HTF Value Area Low: Below 4900 (only if bearish momentum accelerates)
Expectation (Next Sessions / 1–2 Weeks)
As long as price remains below the 1.618 rejection zone, probability favors:
Consolidation or corrective price action
Gradual rotation toward 5000–4900 HTF demand
No immediate V-shaped recovery unless strong acceptance above 5600 is seen
Trade active
🔔 UPDATE: 38.2 Fibonacci Level Respected Perfectly
As anticipated, price has now tapped the 0.382 Fibonacci retracement (~4943), 4941.33 exactly of the last impulsive swing, and reacted from the level.
This confirms:
Clean HTF Fibonacci respect
The market is following a textbook corrective structure
Prior rejection from the 1.618 extension remains technically valid
This area now serves as a key short-term reaction zone, while broader rebalancing toward 5000–4900 HTF demand remains in focus, unless strong bullish acceptance emerges.
📌 Structure is respected. Patience remains key.
Trade closed: target reached
AGAIN 50.0 Fibonacci Level Respected PerfectlyPrice has now tapped the 0.50 Fibonacci retracement (~4741), 4686 exactly and reacted from the level. & Bounced 1880pips
📌 Structure is respected. Patience remains key.
CHECK 1HR TIME FRAME Dragon Doji Candle Formed and breaked wait for the candle to Touch the doji High For Retest For good Buy For intraday
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Want to Trade Smartly Using Our Powerful Indicator or Strategy?
Connect Trading View alerts directly to Meta Trader using PineConnector &trade automatically with any broker
📩 For more details, send message on Telegram: t.me/falcontradertamil
Connect Trading View alerts directly to Meta Trader using PineConnector &trade automatically with any broker
📩 For more details, send message on Telegram: t.me/falcontradertamil
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.