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Fibonacci Extension

XAUUSD Video Analysis Brief – Weekly Forecast Summary (2025)This video summarizes the key scenarios and technical outlook for Gold (XAUUSD) on the weekly timeframe, integrating both Fibonacci-based projections and macro fundamentals. Core Setup Gold is currently positioned near the 161.8% Fibonacci extension (~$3,276). A breakout toward $3,500 is possible before a potential corrective move. Scenario 1: Bullish Continuation Gold breaks above $3,435 → rallies to $4300 → continues toward major Fibonacci targets: TP: $4,320, which is the Fibonacci level 261.8% Scenario 2: Correction First Gold fails to hold above $3,435 → triggers a healthy correction to: TP1: $2,920 TP2: $2,650 If support 161.8% level holds in the correction zone, a renewed bullish phase is expected. Macro Alignment Central bank gold buying (notably BRICS) supports the long-term bid. Fed policy leaning dovish → tailwinds for gold. Inverse correlation with DXY: DXY below 98.95 → bullish for gold DXY above 100 → signals correction Effect on Altcoins If correction is risk-on driven, capital may rotate into altcoins. If triggered by macro stress or USD strength, alts may fall alongside gold. This analysis offers a multi-scenario framework to navigate the next major moves in gold, with key levels to watch for traders, investors, and macro analysts alike.
OANDA:XAUUSDLong
by BitonGroup
2
Two-phase FOMC reaction on EURUSD explained: Where next?EURUSD experienced a classic "dovish-then-hawkish" whipsaw following the Fed's 25bp cut. The Initial dovish reaction saw the fibre surge above 1.19 to multi-year highs as the dot plot showed 50bp additional cuts vs expected 25bp in 2025. However, Powell's hawkish presser reversed gains within the hour, describing the cut as "risk management" rather than an aggressive easing cycle start. EURSD is finding support at 1.1778 (previous high), with the price having taken out the 100% Fibonacci extension from August lows. Critical support sits at 1.1740, with a break below invalidating the bullish bias. Bullish Scenario Targets : 1.1830, 1.1866 (critical level), then 1.2000-1.2032 Triggers : Hold above 1.1778, break above 1.1866 Rationale : ECB-Fed divergence theme intact with ECB holding, while Fed cuts Bearish Scenario (Potential Dead Cat Bounce) Targets : 1.1750, 1.1730 Entry : Short at 61.8% Fibonacci retracement (~1.1832) Stop : Above 1.1878 R:R Ratio : 3.38 Where next? ECB pause vs Fed easing supports underlying bullish EUR/USD theme despite near-term volatility. But the next FOMC meetings are more critical as Powell emphasised a "meeting-by-meeting" approach. Current pullback is likely a retracement before a potential continuation higher, but watch for rejection at the weekly trendline resistance shy of 1.20. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by ThinkMarkets
Gold hits record highs ahead of FOMC! Tech SetupGold reached fresh all-time highs near $3690 ahead of Wednesday's FOMC meeting. Its rally reflects a perfect storm of Fed dovishness and geopolitical tensions, but technical divergences suggest positioning carefully ahead of Powell's decision. The 100% Fib extension and double divergence setup makes any hawkish surprise particularly dangerous for leveraged longs. CATALYSTS DRIVING THE RALLY: Fed rate cut fully priced in (25bps expected, some 50bps speculation) US-China tensions escalate (Nvidia antitrust accusations) Stephen Miron confirmed to Fed Board of Governors (dovish member) Dollar weakness supporting precious metals Surprising correlation: Nasdaq & S&P 500 also hit records alongside gold TECHNICAL LEVELS: Resistance : $3,700 - Key psychological level $3,750 - Next major target $3,800 - Extended upside if dovish Support : $3,660 - First support for entries $3,610 - Major support level Previous swing lows - Stop loss reference WARNINGS: Double divergence on 4H & 1H timeframes 100% Fibonacci extension reached RSI overbought conditions Momentum diverging from price action FOMC SCENARIOS: Bullish Case : Dovish 25bps + accommodative guidance → Target $3,750-$3,800 Risk Case : Hawkish surprise or even neutral tone → Profit-taking toward $3,600-$3,500 KEY RISKS: Powell emphasising inflation persistence Resistance to aggressive cutting cycle Hawkish dot plot projections Any break below $3,660 signals deeper correction potential This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XAUUSDShort
by ThinkMarkets
Fibonacci retracements and extensions Fibonacci retracements and extensions are popular tools used in technical analysis to identify potential support, resistance, and reversal levels in GBP/USD (British Pound/US Dollar) trading. Here's how traders can utilize Fibonacci retracements and extensions effectively: **Fibonacci Retracements:** 1. **Identify the Trend:** Before applying Fibonacci retracements, identify the prevailing trend in GBP/USD. Fibonacci retracements are typically applied during trending markets to identify potential retracement levels within the trend. 2. **Select Swing Points:** Identify significant swing points on the GBP/USD chart, such as recent highs and lows. These swing points are used to anchor the Fibonacci retracement levels. 3. **Apply Fibonacci Levels:** Draw Fibonacci retracement levels by connecting a swing high to a swing low (in an uptrend) or a swing low to a swing high (in a downtrend). Common retracement levels include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. 4. **Analyze Potential Reversal Zones:** Traders look for GBP/USD price to pull back to one of the Fibonacci retracement levels after a significant move in the direction of the trend. These levels may act as potential support or resistance zones, where traders anticipate a reversal or continuation of the trend. 5. **Confirm with Other Indicators:** Confirm Fibonacci retracement levels with other technical indicators, such as moving averages, trendlines, or candlestick patterns, to increase the probability of successful trades. **Fibonacci Extensions:** 1. **Identify the Trend:** Fibonacci extensions are applied to identify potential price targets in the direction of the prevailing trend. They are often used in conjunction with Fibonacci retracements to identify both retracement levels and extension targets. 2. **Select Swing Points:** Similar to Fibonacci retracements, select significant swing points to anchor the Fibonacci extension levels. These swing points should represent the initial impulse move in the direction of the trend. 3. **Apply Fibonacci Levels:** Draw Fibonacci extension levels by connecting a swing low to a swing high (in an uptrend) or a swing high to a swing low (in a downtrend). Common extension levels include 127.2%, 161.8%, 200%, and 261.8%. 4. **Identify Potential Price Targets:** Traders use Fibonacci extension levels to identify potential price targets where GBP/USD may encounter resistance or support as the trend progresses. These levels act as potential areas for taking profits or setting price targets for trades. 5. **Combine with Other Analysis Tools:** Combine Fibonacci extensions with other technical analysis tools, such as trendlines, chart patterns, or momentum oscillators, to confirm potential price targets and strengthen trading signals. By incorporating Fibonacci retracements and extensions into their GBP/USD trading strategy, traders can identify key support, resistance, and price target levels, helping them make more informed trading decisions and manage risk effectively.
Long
by FrankFx14
Navigating the Markets with Fibonacci ChannelsToday we delve into the fascinating world of Fibonacci Channels, a powerful tool for traders looking to identify potential non-horizontal support and resistance levels in the market. Throughout the video, we provide a step-by-step guide on how to place Fibonacci Channels on price charts, allowing you to visualize and understand their significance in identifying key price levels. We also showcase real-world examples to demonstrate how Fibonacci Channels can be used to find points of interest, such as trend reversals and price targets. Furthermore, we discuss the integration of Fibonacci Channels with other technical indicators, providing insights into how this combination can enhance your trading strategy. By the end of this video, you will have a comprehensive understanding of Fibonacci Channels and the ability to confidently incorporate them into your trading approach. Get ready to unlock the potential of Fibonacci Channels and take your trading skills to the next level!
Education
by LeafAlgo
16
Possible GBPUSD movementsEnglish First of all, I looked at the market structure, we have a very clear bearish structure since the 70´s and I looked at the last fractal to see the possible movements and debts the price may cover in his path. I saw the last movements during (The LL and LH) that last bearish movement that the price didn´t get at least the 50% Fibo´s, it happened with the two bearish movements. I took a look as well at the possible debts and I used the Fibo extension and noticed a debt in the level 1 (100), so we still have a zone to cover right down (A possible LL). So, we have two possible movements and two debts that we need to pay attention, one in the 1.86648 price to look for bearish movement and another one waiting for the price to go down and get the debt in the 1 (100) zone of our Fibo extension in the price 0.95397. Let´s see what the market does to "refresh" my analysis. *THIS IT NOT INVEStMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español Primero que todo, miramos la estructura de mercado, tenemos una estructura claramente bajista desde los 70s y me enfoqué en su último fractal bajista para identificar posibles movimientos y deudas del precio en su camino. Vi los últimos movimientos (alto más bajo y bajos más bajos) en su último movimiento a la baja e identifiqué que el precio no cubrió en ninguno de sus retrocesos al menos el 50% del Fibo, por lo que tenemos vacios donde el precio tiene que subir en algún momento. También vi lo que serían posibles deudas en la zona baja e identifiué una deuda en la zona del 1 (100), justo por debajo del último precio a la baja, por lo que tenemos un posible bajo más bajo que cubrir. Por lo tanto, tenemos dos posibles movimientos y dos deudas a las que debemos prestarle atención, uno en el precio 1.86648 para buscar posibles ventas y otra esperando un nuevo movimiento a la baja hasta el precio 0.95397 buscando posibles compras. Ya veremos qué hace el mercado para actualizar nuestro análisis. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
Short
by DarkTradingCapital
How to work out additional levels when breaking to new highsThis is a bit trickier and there are certain techniques that you can use. I personally use Fibonacci extensions, point and figure and any potential patterns to offer potential upside targets. I realise I have been a bit cavalier with my point and figure upside target, as you can work this out exactly, but wanted to show the techniques I use rather than concentrate on the actual count itself. I took a look at the Apple price to give potential upside targets. The potential new targets are contingent on the old high around 183 breaking. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
NASDAQ:AAPL
by The_STA
3
Irregular but effective setup for GoldAs we can see on the chart, WXY pattern is clear with an irregular X wave (because of yesterday's Fed news), but still valid and didn't break the low of wave W. A contracting triangle is forms wave B in the ABC pattern for wave W, even if a huge wick went out of it: closing above the downside of the triangle, this candle on H1 shows that the setup was still valid (second irregular form). Wave Y can be the extension of 0.618, 1 and fib level of wave W and X, to give a chance to this sideways trading market to take a direction. Wait for 1690 and 1700, Goodluck, Joe.
OANDA:XAUUSDLong
by joe-abdallah
2
USDCAD, extended wave to end soonUSDCAD has been trading in a zigzag structure (channel) with higher highs and higher lows on daily timeframe. It has reached a horizontal resistance zone. we can notice a WXYXZ Elliot structure, with ABC patterns in every impulse and X correction after it (11 waves in the channel). USDCAD is close to the end of the last extended wave C: we can notice in it 12345 Elliot waves structure. With Fibonacci extensions, wave 5 can reach 1.335 (or the rectangle we draw based on the fib extension). However, a head and shoulders pattern is recognized on m30, waiting for USDCAD to break the neckline with a candle closing below it to take the sell. Be careful with your risk management, the last extended wave can still reach 1.25 fib extension before ending. Goodluck everyone, Joe.
Short
by joe-abdallah
8
A last chance for the Euro ?Under the US dollar pressure, EURUSD has been making lower lows and lower highs recently. However, RSI on the monthly chart is oversold for the 3rd time in this century. MACD is showing bullish divergence on multiple timeframes, and the EURUSD on H4 has just achieved a higher high this time with 5 impulse waves: the ABC correction is clear on the chart, wave C is nearly around 0.76 to 0.8 fib retracement. With today's good news on euro CPI and core CPI (higher than expected for both), we can give this currency a chance to retest the end of impulse wave 5, or even to make a higher high. Stoploss can go below the impulse wave 2 for some people, or below the lowest low (the beginning of the impulse wave). Note that on a long term perspective, USD is still stronger than EURO, we will just give eurusd a chance after the new high we saw lately. Goodluck everyone, Joe.
Long
by joe-abdallah
BTCUSDT wants to retest the 0.5 Fibonacci level The price is testing the 0.618 Fibonacci level on the monthly support (29k) On the daily timeframe the price is testing the 0.382 Fibonacci level as resistance. on 4h timeframe the price is creating a symmetrical triangle. How to approach it? IF the price is going to have a breakout from the 32k and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
20