After a sharp drop and rebound, gold is now testing the 50% Fibonacci level around 3122. The key resistance zone lies between 3163–3167, where a breakout could open the path to 3218 (0.786 Fibo).
🔹 Resistance levels:
• 3163 – 0.618 retracement
• 3167 – previous swing high
• 3218 – 0.786 level & target
🔹 Main Scenario:
Breakout above 3163 leads toward 3218 continuation.
🔹 Alternative Scenario:
Rejection at 3163 → retrace to 3082 or 3033 before next move.
Momentum indicators are bullish but approaching overbought territory.
🔹 Resistance levels:
• 3163 – 0.618 retracement
• 3167 – previous swing high
• 3218 – 0.786 level & target
🔹 Main Scenario:
Breakout above 3163 leads toward 3218 continuation.
🔹 Alternative Scenario:
Rejection at 3163 → retrace to 3082 or 3033 before next move.
Momentum indicators are bullish but approaching overbought territory.
Trade closed: target reached
3163
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🔗 Сайт totoshkatrades.com
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
Related publications
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.