Immediate Support:
158.00 – 157.90 (liquidity sweep low / demand zone)
Channel lower boundary
Intraday Support:
158.25 – 158.30 (current consolidation area)
Resistance / Targets:
158.70 – 158.75 (near-term resistance, first target)
159.00 (psychological level)
159.30 – 159.35 (major target & prior high)
Fibonacci Context
The pullback aligns with 0.61–0.78 retracement, a classic bullish continuation zone.
Strong rejection from this area supports upside bias.
Price Action Insight
Long lower wick shows strong buying pressure.
Current candles indicate re-accumulation, not distribution.
No clear bearish break of structure has occurred.
Bias & Trade Idea
Bias: Bullish while above 157.90
Buy Zone: 158.10 – 158.30
Targets:
TP1: 158.70
TP2: 159.00
TP3: 159.30
158.00 – 157.90 (liquidity sweep low / demand zone)
Channel lower boundary
Intraday Support:
158.25 – 158.30 (current consolidation area)
Resistance / Targets:
158.70 – 158.75 (near-term resistance, first target)
159.00 (psychological level)
159.30 – 159.35 (major target & prior high)
Fibonacci Context
The pullback aligns with 0.61–0.78 retracement, a classic bullish continuation zone.
Strong rejection from this area supports upside bias.
Price Action Insight
Long lower wick shows strong buying pressure.
Current candles indicate re-accumulation, not distribution.
No clear bearish break of structure has occurred.
Bias & Trade Idea
Bias: Bullish while above 157.90
Buy Zone: 158.10 – 158.30
Targets:
TP1: 158.70
TP2: 159.00
TP3: 159.30
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Click the 🌐Icon to join our telegram channel 📊 Daily XAUUSD(Gold) &Forex Market Analysis 💯Key Levels🎯 Focused on Risk Management ❤️🔥
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.