After a clean 5-wave bearish impulse, gold has finally tapped into a high-probability reversal zone! Here's what I'm seeing:
🔹 Break of structure confirmed at 3337.46
🔹 Price extended all the way to the 4.236 – 4.786 fib zone (3244–3228)
🔹 Landed perfectly in the SNR zone (3238–3231)
🔹 Bullish divergence spotted on the Awesome Oscillator (AO)
🔹 Now printing a bullish engulfing right at demand? 👀
📍 This is a textbook reversal setup.
💡 Waiting to Buy:
If price shows continued bullish intent or lower timeframe confirmation, I’m looking to enter long from the 3238–3231 area, targeting back to the Fib retracement zones and potentially the structure break at 3337.46.
🛡️ SL just below the 4.786 fib extension for safety.
🔥 Summary:
✅ Structure broken
✅ AO divergence
✅ Engulfing at SNR + fib confluence
🎯 Buy zone activated – now waiting for confirmation!
📌 Let the market come to you. No rush. Just watching for that golden reversal.
#XAUUSD #GoldReversal #FibExtension #AOdivergence #ElliottWave #BullishSetup #BuyZone #SmartTrading #ForexAnalysis
🔹 Break of structure confirmed at 3337.46
🔹 Price extended all the way to the 4.236 – 4.786 fib zone (3244–3228)
🔹 Landed perfectly in the SNR zone (3238–3231)
🔹 Bullish divergence spotted on the Awesome Oscillator (AO)
🔹 Now printing a bullish engulfing right at demand? 👀
📍 This is a textbook reversal setup.
💡 Waiting to Buy:
If price shows continued bullish intent or lower timeframe confirmation, I’m looking to enter long from the 3238–3231 area, targeting back to the Fib retracement zones and potentially the structure break at 3337.46.
🛡️ SL just below the 4.786 fib extension for safety.
🔥 Summary:
✅ Structure broken
✅ AO divergence
✅ Engulfing at SNR + fib confluence
🎯 Buy zone activated – now waiting for confirmation!
📌 Let the market come to you. No rush. Just watching for that golden reversal.
#XAUUSD #GoldReversal #FibExtension #AOdivergence #ElliottWave #BullishSetup #BuyZone #SmartTrading #ForexAnalysis
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.