Gold is currently trading within a bullish correction phase after a strong impulsive move. This analysis is a low time frame entry in anticipation of a bullish continuation.
This is a Fibonacci retracement-based buy setup on XAUUSD (Gold) using the 15-minute timeframe, backed by bullish market structure and potential reaction from the golden pocket zone.
📊 Technical Breakdown:
Bullish Internal Structure: Price broke above the previous short-term high, establishing a bullish leg with higher highs and higher lows.
Fibonacci Retracement Levels:
The pullback from the high at 3346.068 down to the swing low is retracing toward:
38.2% - 3327.049 (Current area)
50.0% - 3321.174
61.8% - 3315.299 (Golden Pocket Zone, also aligned with a demand zone)
FVG Confluence:
There's a visible FVG sitting around the 61.8% - 71% retracement zone, which strengthens the case for bullish continuation.
This is a Fibonacci retracement-based buy setup on XAUUSD (Gold) using the 15-minute timeframe, backed by bullish market structure and potential reaction from the golden pocket zone.
📊 Technical Breakdown:
Bullish Internal Structure: Price broke above the previous short-term high, establishing a bullish leg with higher highs and higher lows.
Fibonacci Retracement Levels:
The pullback from the high at 3346.068 down to the swing low is retracing toward:
38.2% - 3327.049 (Current area)
50.0% - 3321.174
61.8% - 3315.299 (Golden Pocket Zone, also aligned with a demand zone)
FVG Confluence:
There's a visible FVG sitting around the 61.8% - 71% retracement zone, which strengthens the case for bullish continuation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.