🔍 Quick Technical Overview:
XAUUSD is currently testing the 78.6% Fibonacci retracement supply zone near 3,223. If the price gets rejected here, a pullback to the demand area at 3,142 or even to the daily demand zone around 2,979 is highly possible.
However, if the price successfully breaks and holds above 3,223, bullish continuation toward 3,266 and 3,325 is the likely scenario.
🧭 Scenarios:
– Bearish: Rejection from 3,223 → drop to 3,142 / 3,105 → possible continuation to 2,979
– Bullish: Breakout above 3,223 → retest → target 3,266 / 3,325
⚠️ Wait for price action confirmation before taking positions. This is a key decision zone.
#XAUUSD #GoldAnalysis #SupplyDemand #Fibonacci #PriceAction #TeknikalAnalisis #TradingIndonesia
XAUUSD is currently testing the 78.6% Fibonacci retracement supply zone near 3,223. If the price gets rejected here, a pullback to the demand area at 3,142 or even to the daily demand zone around 2,979 is highly possible.
However, if the price successfully breaks and holds above 3,223, bullish continuation toward 3,266 and 3,325 is the likely scenario.
🧭 Scenarios:
– Bearish: Rejection from 3,223 → drop to 3,142 / 3,105 → possible continuation to 2,979
– Bullish: Breakout above 3,223 → retest → target 3,266 / 3,325
⚠️ Wait for price action confirmation before taking positions. This is a key decision zone.
#XAUUSD #GoldAnalysis #SupplyDemand #Fibonacci #PriceAction #TeknikalAnalisis #TradingIndonesia
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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.