Gold is fiercely battling the $4,200 mark after hitting a new All-Time High near $4,220. Bulls are pausing, but macro risks (geopolitics, trade war warnings) keep the trend Long. Our focus: Sniping the Reaction Zones.
🎯 THE FIBO ACTION ZONES (H1/M30)
1. STRATEGIC BUY ZONE (Optimal Long Entry):
Zone 1: 4162 - 4158 (The crucial Fibo Retest/0.618 support).
Zone 2: 4144 - 4140 (Deeper strong support).
Action: Wait for the pullback into 4162 - 4158 and execute a BUY upon bullish confirmation.
2. SELL/TP ZONES (Profit Taking & Resistance):
TP Target 1: 4208 - 4212 (Immediate Fibo Resistance).
TP Target 2: 4225 - 4250 (Fibo Extension 1.5 - 1.618).
Action: Look for SCALP SELL opportunities or take profits (TP) here if price rejects these levels.
📈 TODAY'S MOVE: Patience for the 416x retest. Join the Long trend aggressively only after a solid bounce confirmation!
⚠️ Risk Management: Keep SL tight below your chosen BUY Zone. Discipline over FOMO!
🎯 THE FIBO ACTION ZONES (H1/M30)
1. STRATEGIC BUY ZONE (Optimal Long Entry):
Zone 1: 4162 - 4158 (The crucial Fibo Retest/0.618 support).
Zone 2: 4144 - 4140 (Deeper strong support).
Action: Wait for the pullback into 4162 - 4158 and execute a BUY upon bullish confirmation.
2. SELL/TP ZONES (Profit Taking & Resistance):
TP Target 1: 4208 - 4212 (Immediate Fibo Resistance).
TP Target 2: 4225 - 4250 (Fibo Extension 1.5 - 1.618).
Action: Look for SCALP SELL opportunities or take profits (TP) here if price rejects these levels.
📈 TODAY'S MOVE: Patience for the 416x retest. Join the Long trend aggressively only after a solid bounce confirmation!
⚠️ Risk Management: Keep SL tight below your chosen BUY Zone. Discipline over FOMO!
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.