Gold’s Next Fibonacci Play – Watching Key Buy & Sell Zones M15Technical & Fibonacci Outlook (M15 Chart)
Price has recently broken upward but is approaching resistance at 3,693–3,704.
Fibo 1.5–1.618 Reaction TP Zone (3,703–3,705): Watch for potential profit-taking or minor rejection here.
Fibo 2.618 Reaction – SELL ZONE (3,724–3,726, SL 3,730): A high-liquidity level where sellers may step in for a short-term reversal.
M15 Fibo Reaction Zone – BUY ZONE (3,665–3,659, SL 3,645): Primary area to look for bullish continuation on dips.
Mid-channel structure suggests a healthy retracement could occur before any further rally.
🟢 Trade Ideas – FranCis_Fibo Style
BUY ZONE: 3,660–3,656
Stop Loss: 3,645
Take Profit: Scale out at RR 1:1 → 1:2 → 1:3, leave runners open for a potential new ATH.
SELL ZONE (Short-term): 3,723–3,726
Stop Loss: 3,730
Take Profit: Target lower Fibo retracement levels (3,686 → 3,665).
⚠ Key Notes
Expect volatility around Fed-related headlines—manage position sizes carefully.
Watch for liquidity grabs at 3,703–3,705 before committing to directional trades.
A strong bounce from the 3,665–3,659 zone would confirm bullish momentum remains intact.
💬 Discussion
📊 Will gold break through the 2.618 Fibo zone for a fresh push higher, or will sellers defend and force a deeper retracement? Share your Fibonacci levels and outlook below!
