Gold Spot Analysis - Bullish Scenario
XAUUSD XAUUSD XAUUSD XAUUSD Key Levels:
Resistance Zone: $2,789.87 (100% Fibonacci Extension)
Support Levels: $2,628.99 (50% Fibonacci Retracement), $2,607.20 (61.8% Fibonacci Retracement).
Bullish Setup:
The price has retraced to the 61.8% Fibonacci level (B), suggesting a potential upward move to the 100% Fibonacci Extension target at $2,789 (C).
Trading Idea:
Entry: $2,607 - $2,628.
Stop-Loss: Below $2,585.06.
Target: $2,789.87, extended to $2,840.08.
Technical indicators align with a corrective pullback phase (wave B), with the next rally possibly marking wave C.
Do your own analysis before trading!
Trade active
Trade closed: target reached
SELL XAUUSD 2695 96
🔻SL 2699
🎯TP1 2680
🎯TP2 2650
🎯TP3 2600
🎯TP4 2570
🎯TP5 2541
Note
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