GOLD 4H | Bullish Opportunity with Clear Fibonacci Targets
The recent 4H structure on Gold (XAUUSD) suggests a potential bullish reversal from the key support zone near 3,321. The price action shows a strong reaction from demand, aligning with Fibonacci extension levels, offering attractive risk-to-reward opportunities.
Entry Zone: Around 3,321
Stop Loss: Below 3,295 (structure invalidation)
Take Profit Targets:
• TP1: 3,394
• TP2: 3,447
• TP3: 3,505
• Extended TP4: 3,546
• Final TP: 3,599
This setup aligns with confluence from previous resistance-turned-support, Heikin Ashi reversal signs, and Fib extensions. The bullish bias remains valid as long as price holds above the key SnR level (3,201).
Trade Management Tip: Consider securing partial profits at TP1 and TP2 while trailing the rest for higher levels.
Published by: Wreks | Powered by Wreks Pro Strategy
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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.