Gold is currently trading near the 0.5–0.618 Fibonacci retracement zone, reacting below a key resistance area while maintaining bullish structure above the order block.
If price holds above the 4,736–4,760 order block support, buyers may regain momentum and push toward the 4,890 weekly high resistance. However, failure to hold the Fibonacci support zone could lead to a deeper pullback into the order block before continuation.
Bias:
Bullish above the order block, with upside targets toward weekly highs while support remains intact.
If price holds above the 4,736–4,760 order block support, buyers may regain momentum and push toward the 4,890 weekly high resistance. However, failure to hold the Fibonacci support zone could lead to a deeper pullback into the order block before continuation.
Bias:
Bullish above the order block, with upside targets toward weekly highs while support remains intact.
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What You'll Get
Daily Forex signals with high accuracy
Technical & fundamental analysis
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t.me/+4ZrcWOlv--0xOTg0
Daily Forex signals with high accuracy
Technical & fundamental analysis
Risk management tips to protect your capital
Join now and start winning
t.me/+4ZrcWOlv--0xOTg0
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.