What are the Best Fibonacci Retracement and Extension Levels
In this short article, you will learn the best Fibonacci extension and retracement levels for trading Forex and Gold.
I will share with you the correct settings for Fibonacci tools and show you how to use & draw Fibonacci's properly on TradingView.
Best Fibonacci Retracement Levels
First, let's discuss Fibonacci retracement levels.
Here are the default settings for Fibonacci retracement tool on TradingView.
We will need to modify that a bit.
We should keep 0; 0,382; 0,5; 0,618; 0,786; 1 levels
0,382; 0,5; 0,618; 0,786 will be the best retracement levels for Forex & Gold trading.
How to Draw Fibonacci Retracement Levels Properly
In order to draw fib.retracement levels properly, you should correctly identify a price action leg.
You should underline that from its lowest low to its highest high, taking into consideration the wicks of the candlesticks.
Fibonacci Retracement of a bullish price action leg will be applied from its low to its high.
1.0 Fibonacci level should lie on the lowest lie, 0 - on the highest high.
Fibonacci Retracement of a bearish price action leg will be applied from its high to its low.
Best Fibonacci Extension Levels
Above, you can find default Fib.extension settings on TradingView.
We will need to remove all the retracement levels; 2,618; 3,618; 4,236 and add 1,272; 1,414 levels.
1,272; 1,414; 1,618 will be the best Fibonacci Extension levels for trading Gold and Forex.
How to Draw Fibonacci Extension Levels Properly
Start with correct identification of a price action leg.
Draw the Fib.Extension levels of a bearish price movement from its high to its low.
Draw the Fib.Extension levels of a bullish price movement from its low to its high.
I apply the fibonacci levels that we discussed for more than 9 years.
They proved its efficiency and strength in trading different financial markets. Learn to combine Fibonacci levels with other technical analysis tools to make nice money in trading.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 
Education
MASON XAUUSD – Gold Tests Trendline And Ichimoku Value Area
XAUUSD is trading around 4,175 after a strong recovery from the recent support zone. However, the bullish structure has not been fully confirmed yet because price is now testing the descending trendline and the Ichimoku value area.
For next week, the priority view is to watch for sell confirmation around the trendline resistance zone, especially if gold fails to break and hold above 4,187–4,198.
Technical View
Gold has recovered strongly from the 3,960 support area, but the current move is still approaching a major decision zone. Price is now testing the descending trendline that has been controlling the broader bearish structure.
The zone around 4,187–4,198 is important because it is marked as a sell order area and sits close to the trendline resistance. If price reacts bearishly here, this area may become the next lower high before another downside move.
Ichimoku also shows that gold is not fully bullish yet. Price is around the Ichimoku value area, where the market often slows down before choosing direction. A clean bullish confirmation needs price to break above this area and hold above the trendline. Without that confirmation, the recovery should still be treated as a corrective move.
The 4,260–4,290 Sell FVG is the higher resistance zone. If gold breaks above 4,198 and continues higher, this FVG may become the next area where sellers watch for reaction.
The downside structure remains valid if price rejects from the current trendline zone. The first reaction zone is around 4,059, followed by the strong support area near 3,960–3,980. If this support breaks, the weekly bearish targets are 3,900–3,920 and 3,740–3,760.
Key Zones
Current price: 4,175
Sell order zone: 4,187–4,198
Trendline resistance: around 4,180–4,200
Price reaction zone: 4,059
Strong support: 3,960–3,980
Target 1: 3,900–3,920
Target 2: 3,740–3,760
Sell FVG: 4,260–4,290
Major resistance: 4,382
Invalidation: above 4,290
Trading Plan
Sell Priority: 4,187–4,198
Condition: wait for bearish rejection, failed breakout above the trendline, or price closing back below the Ichimoku value area.
SL: above 4,290
TP1: 4,059
TP2: 3,960–3,980
TP3: 3,900–3,920
Final target: 3,740–3,760
Alternative Scenario
If gold breaks above 4,198 and holds, the sell setup should not be rushed. In that case, wait for price to move toward the 4,260–4,290 Sell FVG and watch for a new bearish reaction there.
Buy View
Buy is not the priority while price is still below the major resistance and testing the descending trendline. A bullish view becomes cleaner only if gold breaks above 4,290 and holds above the Sell FVG.
Final View
Overall, gold has recovered strongly, but the weekly bullish confirmation is still not clear. The key area for next week is 4,187–4,198. If gold rejects from the trendline and Ichimoku value area, the market may rotate lower toward 4,059, 3,960, and the deeper Fibonacci target zones.
Will gold confirm a breakout above the trendline, or reject from the Ichimoku value area and start a new bearish leg?
Short 
EURUSD – Retracement into Higher-Timeframe Confluence-SHORT ideaEURUSD remains in a bearish market structure, with both the Daily and H4 charts trading below their respective 200 EMA, keeping the higher-timeframe bias to the downside.
Rather than chasing price at current levels, my plan is to wait for a retracement into a high-confluence resistance area before looking for short opportunities.
The area of interest is formed by the overlap of:
Daily Supply
H4 Fair Value Gap (FVG)
Descending Daily Trendline
This combination creates a premium zone where sellers may regain control. However, I am not planning to sell blindly from the zone. I will only consider a short position if price produces clear bearish confirmation within this confluence area, such as rejection, a bearish engulfing candle, or a market structure shift on the lower timeframe.
If sellers step back in, my downside objectives are:
TP1: H4 Demand Zone 1 (orange)
TP2: H4 Demand Zone 2 (green)
The reason for waiting is simple: although the higher-timeframe trend remains bearish, price is currently trading close to H4 support. Selling after an extended decline offers a poorer risk-to-reward profile than allowing the price to retrace into higher-probability supply.
A decisive Daily close above the confluence zone (Daily Supply + H4 FVG + Daily Trendline) would weaken this bearish outlook and invalidate the setup.
Summary
Trend: Bearish (Daily & H4 below the 200 EMA)
Strategy: Sell the retracement, not the current price
Entry: Only after bearish confirmation inside the confluence zone
TP1: H4 Demand Zone 1
TP2: H4 Demand Zone 2
Invalidation: Strong Daily close above the confluence zone
I have a price alert set at the confluence zone. Once triggered, I'll monitor price action closely and only enter if bearish confirmation develops. No confirmation, no trade. 
Short
Solana (SOLBTC): Early Signs of Strength Within Wave 4 TriangleSolana continues to display improving relative strength against Bitcoin, with the SOLBTC pair showing a clear shift in momentum after a completed corrective phase. Price action is increasingly constructive, suggesting that buyers are regaining control within a larger higher-timeframe consolidation structure.
On the weekly timeframe, SOLBTC remains within a broad bullish (A)(B)(C)(D)(E) triangle formation in wave 4. This type of structure typically represents a long consolidation phase before a major directional breakout. As long as the triangle remains intact, the broader bias stays bullish, with the market likely preparing for a strong expansion phase once wave 4 completes. Current price behavior continues to respect key structural boundaries, reinforcing the idea that this is still a developing corrective pattern rather than a trend reversal.
On the daily chart, momentum has started to shift more clearly in favor of the bulls. Price action is developing an impulsive advance that can be interpreted as the early stages of a new wave A within a larger ABC structure inside wave (D) of the triangle. This suggests that the current rally may still be in its initial phase, with room for further continuation before any meaningful corrective pullbacks occur.
If this interpretation holds, short-term dips should remain corrective in nature, with buyers likely stepping in on retracements as the structure matures. The broader technical picture remains constructive, especially as SOLBTC continues to rebound from previously identified support levels and confirms the completion of its prior ABC correction. 
Long
Long
Oil technical update: Resistance holds, momentum weakensWTI's breakout during the Hormuz crisis ultimately failed to change the bigger picture.
Price tapped a multi decade resistance trendline, briefly traded above the Historical Value Area High (VAH) but couldn't establish acceptance there. Instead, it rotated back below suggesting the market rejected those higher prices.
We've seen:
• A series of lower highs.
• A clean descending channel develop.
• A recent breakdown below that channel.
• Two failed attempts to reclaim it, with the channel support now acting as resistance.
Momentum is also becoming stretched. The daily RSI has entered oversold territory, which could support a short term relief bounce. However, oversold doesn't automatically mean reversal! In strong trends, RSI can remain oversold for extended periods (It's called relative strength).
The MACD remains below the zero line, keeping the broader momentum bearish. However, the histogram has begun contracting, suggesting downside momentum may be starting to slow.
If this breakdown continues to hold, the Historical Point of Control (around $58) looks like the next major area I'd be watching, as that's where the market has historically spent the most time trading.
The interesting part to me isn't whether oil bounces over the next few days oversold conditions could easily produce one. It's that even after one of the biggest geopolitical catalysts in years, price failed to break above multi decade resistance and failed to establish value in the historical "expensive" area.
The lesson here isn't to ignore the news. It's to watch the market's reaction to it. If a market can't hold higher prices despite overwhelmingly bullish headlines, that's information in itself.
The news creates the narrative. Price reveals the truth
SPY's Bull Anchor Is Still Cracked But Still Hasn't Broken.SPY's Bull Anchor Is Still Cracked But Still Hasn't Broken.
SPY is holding just under 746 into a fourth session, still pinned below the 751 band it rejected yesterday. The months-long bullish anchor that has kept the market up finally started showing a crack yesterday, and that crack is still there this morning - but the anchor hasn't actually broken. Price tested the top of the range, got turned back, and settled right back into the middle of it. The near-term read swung short into yesterday's close and has already swung back to long overnight, which is the whole problem: nothing is committing.
Resistance: 746.91-751.24 - the band that rejected yesterday
Key resistance: 756.68 - the cycle high
Current price: 745.77
Support: 740.44 - the shelf that has to hold
Key support: 736.50-732.45 - the recovery base
Structural floor: 716.50 - the operative low this cycle
Two paths from here:
The crack widens into a break. The 223-bar bull print is still flagging itself for a second session, the short setup holds at 3/5, and range compression sits at the 92nd percentile - coiled tight. A loss of 740.44 with the bull print finally breaking opens 736.50 then 732.45, and the three-day short setup fires at last. The anti-signal on the anchor is the closest the short has come to a trigger.
The crack heals and the band gives. The hourly flipped back to a clean long overnight and price is holding the middle of the range, so if the bull print sheds its anti-signal and buyers push through 751, the 756 cycle high opens. But this has been the losing path for four sessions - the band keeps rejecting, and volume at the 38th percentile is not the participation a breakout needs.
A bull print that has held 223 bars is now carrying an anti-signal into a second session while price coils under a band it cannot break. Compression this tight resolves soon, and the anchor showing its first sustained doubt is the tell that it resolves down. But the print has to actually break - it has been cracked before without giving.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice. NVDA Is Coiled On The 191.23 Floor. The Daily Flipped Long.NVDA Is Coiled On The 191.23 Floor. The Daily Flipped Long.
NVDA is sitting at 194.44, a couple dollars above the April floor at 191.23 that held for a third time this week. After two days of the daily selling accelerating into the floor, the longer-term read flipped sides at the level - it now points up for the first time since the decline began. But price hasn't gone anywhere to confirm it, and there is no volume behind the turn. The stock is coiled between a floor that keeps holding and a reversal read that hasn't proven itself.
Resistance: 196.18-197.13 - the shelf right above price
Key resistance: 198.47-199.89 - the band that rejected the last bounce
Current price: 194.44
Support: 191.23 - the April floor, held three times
Key support: 189.80 - the June sweep low
Thesis line: 191.23 - the reversal lives or dies here
Two paths from here:
The floor reversal confirms. The daily flipped to a long read at 191.23 with the accel phase still showing, and a push back through 196.18 then 198.47 would validate the third defense of the floor as a bottom. This needs volume to arrive - Vol Elev sat at the very bottom of its range through the whole test, so the turn is unproven until buyers actually show up.
The reversal fails and the floor breaks. The hourly long read is carrying an anti-signal (NR7), meaning the system is flagging its own bounce as suspect - the same setup that failed two days ago. A loss of 191.23 opens the 189.80 sweep low with nothing but air beneath it, and the daily accel phase resolves down instead of up.
This is the third time 191.23 has held, and each hold makes the level more real - but the reversal read at it already failed once this week on the same anti-signal it is carrying again. The daily switching to long at the floor is the new element; it has not done that before. Volume is the tell. Without it, a coil on the floor is just a pause before the next test.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice. BTC's Thursday Rally Died On Schedule. The Daily Sees Again.BTC's Thursday Rally Died On Schedule. The Daily Sees Again.
Bitcoin's recovery stalled at 62,147 and has gone flat, sitting at 61,819 with no volume and the range compressing back in. The upward bias that carried the bounce all week was tied to a single weekday, and that day is now behind us. More important: the daily conviction engine, which had been running blind for three sessions with no data to read, came back online overnight - and the first thing it did was flip short. Price is stuck under resistance with its calendar tailwind gone and the daily read now pointed down.
Resistance: 62,459.75 - the shelf right above price
Key resistance: 63,625.81-63,796.21 - the cluster that stalled the rally
Current price: 61,819
Support: 60,423.01 - the breakout level to hold
Key support: 58,022.75 - the line reclaimed Tuesday
Structural floor: 57,717.55 - the cycle low
Two paths from here:
The daily short reasserts. FP data is back, the daily flipped to a short read the moment it could see, and the range is compressed with ATR on the hourly at the 4th percentile - coiled for a move. A loss of 60,423 with the 405-bar bear print still carrying full conviction opens 58,022, then the 57,717 low. The rally had one tailwind and it expired with the calendar.
The bear print finally breaks. 405 bars without decay is the strongest the standing call has ever been, but price is 7% above where it fired and holding. A push back through 63,625 with volume returning - Vol Elev is at the 6th percentile now, so it would have to build from nothing - would be the confirmation the bounce needs and the first real decay the print has shown. Absent volume, this is a stall, not a base.
The recovery ran exactly as far as its one edge allowed and stopped when the edge expired. Now the daily can see again and it reads short, the volume is gone, and the 405-bar bear print still hasn't given up a point. The weekend gap sits ahead. This is the bounce running out of reasons.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice. Short 
DXYZ - Trading Near NAV & Demand Zone in Focus!DXYZ is a closed-end fund (CEF) that provides public market exposure to a portfolio of high-growth private technology companies, including names such as SpaceX, OpenAI, and Anthropic. Unlike traditional ETFs, its market price can trade at a premium or discount to its Net Asset Value (NAV), which represents the estimated value of the fund's investments per share.
At the current price of around $24, DXYZ is trading around its latest reported NAV of $24.56 per share (as of March 31, 2026). In other words, investors are currently buying the fund at a price that is very close to the estimated value of its underlying portfolio.
From a technical perspective, price has declined sharply from around $73 and is now testing a major weekly demand area, which also represents an important long-term support zone.
⭕As long as this demand area continues to hold, lower timeframes may provide opportunities to look for buy setups in anticipation of a potential recovery.
⭕However, if price breaks below the current demand zone, the focus shifts toward the next lower weekly demand area, where another buying reaction may develop.
The combination of a market price trading close to NAV and a major weekly demand zone makes this an interesting area to monitor for long-term investors.
⚠️ Disclaimer: This analysis reflects my personal market view and is not financial advice.
Rayan Nasser
#DXYZ #Stocks #Investing #TechnicalAnalysis #PriceAction #MarketStructure #ClosedEndFund #NAV 
Long
GBPNZD - Bullish Breakout Meets Weekly Resistance!GBPNZD recently broke above the red descending channel, invalidating the previous bearish structure. The breakout was further supported by recent positive UK economic data, which added strength to GBP and helped drive the breakout.
Since then, price has been moving inside the blue ascending channel on the H4 timeframe and has now reached a major weekly resistance area, making the current zone worth monitoring for a potential reaction.
⭕A more conservative approach would be to wait for a break below the green trigger area, then look for sell setups on its retest as additional confirmation. At the same time, a developing bearish divergence is adding more confluence to the bearish scenario and may serve as an early indication that bullish momentum is beginning to weaken.
⭕However, if price continues to hold above the green trigger area and breaks the current weekly resistance, the focus shifts toward the next resistance zone, where price may face another potential rejection.
The coming price action around this resistance area may provide a clearer indication of whether the recent breakout is ready for a pullback, or if buyers still have enough momentum to extend the current bullish move.
⚠️* Disclaimer: This analysis reflects my personal market view and is not financial advice. *
Rayan Nasser
#GBPNZD #GBP #NZD #Forex #TechnicalAnalysis #PriceAction #Trading #MarketStructure XAUUSD — Bullish Structure Holds Above EMA Value Zone
Fundamental Analysis
Gold is holding a stronger recovery structure as traders continue to watch USD momentum, Treasury yields, and upcoming U.S. macro data.
For now, the technical structure is improving. As long as price holds above the EMA value zone, the bullish continuation scenario remains favoured.
Technical Analysis
On the 1H chart, XAUUSD is trading around 4,179 after a strong recovery from the lower structure near 3,970 - 4,020. EMA 34, EMA 89, and EMA 200 are starting to turn upward, showing that buyers are gaining better control of the short-term trend.
Price has already broken above the previous EMA resistance area and is now holding above the rising EMA structure. This suggests that the recent pullback may be a continuation setup rather than a bearish reversal.
The first buy zone is around 4,132 - 4,145. This area aligns with the nearest value zone and may act as the first support if price pulls back.
The second buy zone is around 4,088 - 4,113. This is a deeper value area and also aligns with the previous breakout structure. If gold sweeps lower before reacting, this zone may offer a stronger buy reaction.
The main upside target is the Fibonacci range around 4,281 - 4,283.
Important Key Levels
Current price area: 4,179
Buy zone 1: 4,132 - 4,145
Buy zone 2: 4,088 - 4,113
EMA support area: 4,079 - 4,145
Short-term resistance: 4,200 - 4,220
Main Fibonacci target: 4,281 - 4,283
Invalidation area: below 4,079
Trading Scenario
Main Buy Scenario
Entry: 4,132 - 4,145
Stop Loss: 4,120
Take Profit 1: 4,200
Take Profit 2: 4,240
Take Profit 3: 4,281 - 4,283
Buy Condition
The preferred setup is to wait for gold to pull back into the 4,132 - 4,145 buy zone. This area is important because it aligns with the rising EMA structure and the nearest value support.
A buy setup becomes more valid if price forms bullish rejection from this zone, such as a long lower wick, bullish engulfing candle, higher low formation, or a clean reclaim above 4,145.
If price holds above this zone and breaks above 4,200, the bullish continuation view becomes stronger. The next upside focus would be 4,240, followed by the Fibonacci range around 4,281 - 4,283.
Alternative Buy Scenario
Entry: 4,088 - 4,113
Stop Loss: 4,079
Take Profit 1: 4,145
Take Profit 2: 4,200
Take Profit 3: 4,281 - 4,283
Buy Condition
This deeper buy setup is valid only if gold pulls back below the first zone but still holds above 4,079. A rejection from 4,088 - 4,113 would show that buyers are still defending the larger bullish structure.
If price breaks below 4,079 and holds there, the bullish setup becomes weaker and should be reassessed.
Entry Conditions
Wait for price to retest one of the buy zones.
Look for bullish rejection before entering buy.
Do not chase price after a strong move.
A break above 4,200 confirms stronger bullish momentum.
If price breaks and holds below 4,079, the buy setup is invalid.
Overall, the main view remains bullish while XAUUSD holds above the rising EMA structure. The preferred plan is to wait for a pullback into 4,132 - 4,145 or 4,088 - 4,113, then look for buy confirmation toward 4,200, 4,240, and the Fibonacci target around 4,281 - 4,283.
Do you share the same bullish view on gold, or are you waiting for a cleaner pullback into the EMA value zone first?
Long 
Gold Rebounds Strongly From the LowsGold Rebounds Strongly From the Lows — Recovery Setup or Bearish Retest?
Gold is showing a strong short-term recovery on the 4H chart after defending the lower support area near $3,960–$4,000. Price has moved sharply higher and is now approaching the $4,180–$4,200 zone, where the next important reaction may appear. Although the rebound is impressive, the broader structure has not fully turned bullish yet.
From a market structure perspective, XAU/USD is shifting from a bearish structure into a short-term recovery phase. The previous trend was clearly bearish, with price forming lower highs and lower lows. However, the latest bounce from the $3,960 area suggests that buyers are starting to defend the lower range more aggressively. To confirm a real structural shift, gold needs to reclaim key resistance above $4,200.
The first key resistance zone to watch is around $4,180–$4,200. This is the nearest reaction area and could determine whether the current rebound continues or pauses. If buyers can break and hold above $4,200, gold may extend its recovery toward $4,250–$4,300. A stronger bullish recovery would require the price to reclaim the $4,350–$4,380 area, where the previous breakdown structure remains important.
On the downside, the first key support zone is around $4,100–$4,080. If gold pulls back but holds above this zone, the short-term recovery structure may remain intact. Below that, $4,020–$4,000 becomes the next important support area. A deeper break below $4,000 would weaken the recovery and bring sellers back into control.
For the bullish scenario, XAU/USD needs to hold above $4,100–$4,080 and break above $4,200 with confirmation. If this happens, buyers may push the price toward $4,250–$4,300. A sustained move above $4,300 would strengthen the recovery and open the door toward $4,350–$4,380.
For the bearish scenario, rejection from $4,180–$4,200 would show that sellers are still defending the rebound area. If the price then breaks below $4,080, gold may pull back toward $4,020–$4,000. A clean break below $4,000 would suggest that the rebound was only a corrective move within the broader bearish structure.
Market sentiment is improving, but still cautious. Buyers have clearly stepped in near the lower support zone, but gold is now approaching a key resistance area. Right now, confirmation matters more than prediction: above $4,200, recovery momentum may continue; below $4,080, the rebound may start to lose strength.
What do you think?
Will gold break above $4,200 and continue toward $4,300? Or will sellers defend resistance and push the price back toward $4,080–$4,000?
Share your view below — recovery continuation or bearish retest? The Elephant Jungle 7/3/26 Page 4So what’s the play today, Red?
Today I will be watching for confirmation to short around the 2H Order Block. If I do not get the confirmations I am looking for, I will shift my focus to the 1D Order Block and look for a short there instead.
As for longs, I want to see if the 2H Order Block can hold below. If buyers step in with the right confirmations, I will look for a long from that level. If not, then I will patiently wait for price to reach the 12H Order Block, where I think the higher probability bounce could happen.
That is my game plan for today.
Now I want to hear from you. Do you think the Bulls have enough momentum to keep pushing higher, or are the Bears getting ready to steal the spotlight once again? Drop your thoughts in the comments. I always enjoy seeing how everyone is reading the market.
As always, trade safe, protect your capital, use solid risk management, and let the market come to your levels. Patience pays.
Until next time.
Short
