FIBO MATRIX Trading Plan | Key Reaction Zones in Play

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📊 Market Context
Gold is attracting renewed buying interest as dovish Fed expectations limit USD upside to 3-week highs.
Uncertainty over the pace of Fed rate cuts, coupled with Trump tariff concerns and rising geopolitical risks, continue to fuel safe-haven demand.
All eyes now on this week’s US PCE inflation data – a key driver for the next move.

📍 Critical Price Levels (M30 Chart)
🔴 SELL Reaction Zones

3767 – 377x → Main corrective wave resistance (0.786 Fibo).

3810 – 3817 → Major SELL zone (Fibo 1.5 – 1.618).

🟢 BUY Support Zones

3725 → Short-term bullish wave support.

3690 – 3695 → Deeper pullback confluence (Fibo 1.5 – 1.618).

🎯 Trading Scenarios

1️⃣ SELL Setup
Entry: 3767 – 377x (if rejection confirmed).
TP: 3750 → 3725.
SL: Above 3778.

2️⃣ BUY Setup
Entry: 3725 zone with bullish confirmation.
TP: 3760 → 377x.
SL: Below 3715.

3️⃣ Deep Correction BUY
Entry: 3690 – 3695 confluence zone.
TP: 3725 → 3760.
SL: Below 3685.

⚡ Trading Tips

Focus on clear Fibo reaction zones for entries.

Risk per trade: 6–8 USD to avoid stop-hunt volatility.

Target profits in 1R → 2R → 3R stages for optimal RR management.

💬 Community Discussion
Do you expect gold to break above 3770 before testing deeper supports, or will sellers take control early? Drop your charts and setups below 👇

Penafian

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