Title: Gold Finds New Low – Rebound in Progress?
📉 Pair: XAU/USD
🕒 Timeframe: 12H
📍 Context: After a clean rejection from the 2.618 Fib extension ($3,501), Gold has now printed a fresh 12H low at $3,201.
🔍 Market Behavior Update:
✅ Price respected the original 2.618 extension and neckline
✅ Consolidation followed, then bearish momentum stepped in
✅ A new lower low has formed at $3,201 — a key psychological and structural level
✅ Price is now showing early signs of a potential rebound
🧠 What to Watch Next:
$3,259–$3,272 zone: Short-term resistance
$3,201 support: If held, could signal a higher low forming
Reclaim of $3,315: Confirmation of strength to revisit $3,350 and $3,385 levels
Failure to hold $3,201: Opens path to deeper fib levels:
$3,106
$2,988
Macro zone: $2,790–$2,624
🧾 Final Thoughts:
This is why structure matters more than hype.
We anticipated a pullback at $3,501. Now the market's next move depends on how it treats $3,201. It’s not reversal vs. continuation — it’s all about reaction. 📊
📉 Pair: XAU/USD
🕒 Timeframe: 12H
📍 Context: After a clean rejection from the 2.618 Fib extension ($3,501), Gold has now printed a fresh 12H low at $3,201.
🔍 Market Behavior Update:
✅ Price respected the original 2.618 extension and neckline
✅ Consolidation followed, then bearish momentum stepped in
✅ A new lower low has formed at $3,201 — a key psychological and structural level
✅ Price is now showing early signs of a potential rebound
🧠 What to Watch Next:
$3,259–$3,272 zone: Short-term resistance
$3,201 support: If held, could signal a higher low forming
Reclaim of $3,315: Confirmation of strength to revisit $3,350 and $3,385 levels
Failure to hold $3,201: Opens path to deeper fib levels:
$3,106
$2,988
Macro zone: $2,790–$2,624
🧾 Final Thoughts:
This is why structure matters more than hype.
We anticipated a pullback at $3,501. Now the market's next move depends on how it treats $3,201. It’s not reversal vs. continuation — it’s all about reaction. 📊
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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.
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.