Potential final flag idea on gold daily chartThroughout 2025, gold has been in a strong up trend but the pullbacks have been increasing in size which is a sign of selling pressure. Big consolidation period has the look of a triangle and when it is coming late after protracted trend it is a possible final flag and a correction down to the apex (~$3350) becomes more likely than an equidistant move to the upside. Another more conservative target is the breakout point at $3500.
GOLD trade ideas
GOLD Will Move Higher! Long!
Please, check our technical outlook for GOLD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 3,684.42.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 3,743.94 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Gold continues to rise, setting new record highs.Gold continues to rise, setting new record highs. The market is currently consolidating, but the overall structure remains bullish. The rally has been supported by a weaker U.S. dollar and growing expectations of aggressive Fed policy easing.
However, the overbought conditions and potential profit-taking could limit further upside in the short term. At this stage, gold is consolidating, and the fundamental background remains stable. Since market-moving news is difficult to predict in advance, traders should closely watch technical levels.
Support Area Price may retest lower support zones before resuming its uptrend The next possible upside target is around 3675.
You any find more details in the chart.
Trade wisely best of Luck Buddies.
Ps; Support with like and comments for better analysis.
XAUUSD – PPI Ahead: Key Liquidity Levels & Trading Plan🚀 MMFLOW TRADING
Market View:
After yesterday’s sharp drop where sellers dominated the liquidity zone, gold (XAUUSD) is now recovering from 362x → 364x during the Asian session. In the short term, price may range between 362x–365x in Asia/Europe before going sideways to await the PPI release in the US session.
Today’s PPI is expected at 0.3% vs 0.9% previous, signalling cooling inflation. However, actual data could surprise higher – often creating a “news trap”. From a technical view, gold may need to revisit 360x liquidity before resuming its uptrend ahead of CPI & the upcoming FED meeting.
👉 In short: Structure remains bullish, but short-term liquidity sweeps are likely before any continuation move.
Key Levels:
Resistance: 3647 – 3654 – 3665 – 3674 – 3704
Support: 3635 – 3613 – 3600 – 3586
Trading Plan:
🔵 BUY Zone: 3600 – 3598
SL: 3592 (or tighter at 3580)
TP: 3605 → 3610 → 3615 → 3620 → 3630 → 3640 → 3650+
🔴 SELL Zone: 3703 – 3705
SL: 3710
TP: 3698 → 3694 → 3690 → 3680 → 3670 → 3660+
Summary:
✅ Gold remains in an uptrend, but may retest 360x liquidity before heading higher.
✅ PPI today & CPI tomorrow could act as a “news trap” – caution is required.
👉 Watch the key levels and follow MMFLOW TRADING for real-time updates & BIGWIN setups!
XAUUSD Ready for the Next Big Move?XAUUSD Ready for the Next Big Move?
📊 Gold (XAUUSD) Market Report
Gold continues to trade within a strong bullish cycle, supported by both macro fundamentals and technical structure.
From a fundamental perspective, the precious metal remains underpinned by softer U.S. dollar dynamics, moderating bond yields, and persistent safe-haven demand amid global economic and geopolitical uncertainties. Inflationary pressures and the cautious stance of central banks further enhance gold’s role as a defensive asset, keeping institutional interest alive.
On the technical side, the market has shown a clear sequence of bullish impulses following multiple market structure shifts (MSS) and breaks of structure (BOS). Each expansion phase has been driven by strong order flow, with shallow retracements reflecting consistent buyer control. The current leg higher has pushed into an area of potential liquidity grab, suggesting that while the broader trend remains constructive, near-term exhaustion and corrective movement cannot be ruled out.
Taken together, the outlook for gold remains broadly bullish in the medium term, with fundamentals providing a supportive backdrop and technicals confirming momentum. However, traders should be mindful of short-term volatility as the market balances out after recent sharp gains.
Gold hits a new high again, the opportunity to invest has come!Gold's recent performance remains strong, reaching a new all-time high near 3,685, fully demonstrating the dominance of bullish sentiment. Although inflation remains viscous, the market is increasingly confident that the Federal Reserve will cut interest rates this week. Focus is shifting to the extent of the cut and subsequent policy guidance. If the rate cut exceeds expectations, gold may usher in a new round of liquidity-driven gains. If it falls short of expectations, short-term profit-taking may occur, leading to increased volatility.
From a technical perspective, gold has closed higher for several consecutive days, with short-term moving averages aligned in a bullish pattern. The daily and 4-hour charts remain in an upward trend, with the support center continuously shifting upwards. The bullish structure is solid, but the current price is already at a relatively high level. If the upward push fails to break through with significant volume, there is still room for a short-term pullback, and we need to be wary of the possibility of a technical correction. Today's core trading strategy is to primarily buy on dips, supplemented by shorting at high levels. We should participate with the trend and avoid blindly chasing the market. Support below is the 3650-3635 area. If it stabilizes after a pullback, we can arrange long positions in batches, with the initial target around 3680-3685, and then explore the potential for further growth after breaking through the new high. Resistance above is the 3685-3690 area. If the short-term upward push encounters resistance and fails to break through, we can try shorting with a light position, with a stop-loss placed above the resistance level. Enter and exit quickly, and avoid a prolonged battle. The short-term bullish strength and weakness dividing line is the 3630-3620 level. If it breaks below, we should be wary of the risk of a deep pullback.
This week is packed with macroeconomic events, with the Federal Reserve's interest rate decision in particular under scrutiny, potentially amplifying market volatility. We recommend building positions in batches, maintaining strict position management, and setting effective stop-loss and take-profit targets to ensure profit capture while minimizing drawdown risk.
Do you think the Federal Reserve will cut interest rates beyond expectations this time? We welcome your exchange of views. We will also adjust our strategies immediately based on the data to ensure that our trading rhythm keeps pace with the market.
Gold Holds Strong, Buy on Nearby Support📊 Market Developments:
• Gold remains firm above $3,680/oz, after hitting a fresh high near $3,689, supported by a weaker USD and strong Fed rate-cut expectations.
• Traders are cautious ahead of Fed Chair Powell’s speech tomorrow, causing choppy moves at elevated levels.
📉 Technical Analysis:
• Key Resistance: $3,720 – $3,730/oz → breakout could extend rally higher.
• Nearest Support: $3,668 – $3,672 (EMA-09 H1) and $3,660 – $3,662 (recent pullback low).
• EMA: Price trades well above EMA-09 and EMA-50 → bullish bias intact.
• Candlestick / Volume / Momentum: Strong buying pressure in recent H1 candles, but RSI shows overbought signals → a short-term dip likely before resuming higher.
📌 Outlook:
Gold remains bullish overall. Short-term corrections to $3,668 – $3,672 or deeper to $3,660 – $3,662 are likely buying opportunities if these supports hold.
💡 Suggested Trading Strategy:
🔺 BUY XAU/USD
• Entry: $3,668 – $3,672
🎯 TP: 40 / 80 / 200 pips
❌ SL: $3665
🔻 SELL XAU/USD
• Entry: $3,725 – $3,727 – small lot (if tested strongly)
🎯 TP: 40 / 80 pips
❌ SL: $3730
Gold Trade Setup🕰 Weekly Structure
Gold is still holding a bullish tone overall, with higher-timeframe demand zones supporting the structure. Momentum favors continuation as long as demand levels are respected.
📉 Daily View
Price recently broke structure (BOS) and confirmed buyers stepping in. The daily demand zone is aligned with the 4H block, adding confluence for bullish continuation.
⏱ 4H Breakdown
Price tapped into 4H demand around 3660–3670.
Clean rejection with a strong impulsive leg breaking above resistance.
Swing range remains intact with liquidity swept below before the move higher.
Upside target zone sits near 3730s, offering a solid risk-reward (around 1:6).
🔍 Outlook
Short-term pullbacks into 4H demand (3660–3680) = potential buy entries.
As long as demand holds, mid-term outlook remains bullish toward 3730+.
Failure to hold demand would re-open downside back into the swing range (~3640–3620).
Bias : ✅ Short-term pullback → Mid-term bullish continuation.
$XAU Top Approaching - Expect a 30%-40 RetraceTVC:XAU has gone on a 76% rally since the start of 2024. In 2010, TVC:XAU went on an 86% rally before retracing 35%. The long term upside is almost over and I am calling a top here. Cycles don't repeat but they always rhyme.
SEED_DONKEYDAN_MARKET_CAP:XAUT
Gold – After the BreakoutIt has been hard to ignore the September move higher in the Gold price, which has seen this popular asset amongst traders rise around 6%, from its breakout above 2 month range high resistance at 3450 on September 1st (more on this below in technical update) to a peak of 3690 this morning.
Now, understandably after such a big move, Gold prices are attempting to consolidate at higher levels as traders adjust positioning and prepare for a crucial interest rate decision from the Federal Reserve tomorrow evening at 1900 BST, which is then followed by the press conference, led by Chairman Jerome Powell at 1930 BST.
Patience, preparation and trading discipline when trading any market ahead of such a binary event like this Fed rate decision may be a sensible option to consider, despite what the price action may look like. While markets fully expect the Fed to cut interest rates tomorrow, there is still uncertainty surrounding whether they will cut 25bps (0.25%) or 50bps (0.25%), as well as the outlook of policymakers towards further cuts across the remainder of 2025.
Will they just cut once and wait for more data inputs, or could Chairman Powell signal more cuts are incoming at future meetings? The answers to these questions could lead to an increase in volatility but could also set up the next directional move for Gold prices. This is where preparation can be important.
Check your capital allocation, look at the charts to identify key entry, exit and stop loss levels to monitor and formulate a trading action plan to implement at the time you consider to be the most optimal.
To help you in this regard, below is our technical assessment of the current environment with 36 hours to go before the Fed.
Technical Update: After the Breakout
The latest significant development within Gold price activity has been the successful closing break above 3451, a level equal to the June 16th session high. This also represented the upper extremes of the recent sideways range, with the closing break higher triggering a phase of price acceleration to post a new all-time high at 3690 this morning.
As the chart above shows, the recent setback in price, a move that saw a low posted on September 11th at 3613, appears a limited period of consolidation, especially as this week has seen another all-time high posted at 3690. However, some traders may now be wondering if this 3690 level marks the extent of Gold price strength or if there is a more extended upside phase on the cards.
As a result, it may be important to identify and then monitor key support and resistance levels in case an increased spell of volatility emerges in the coming days.
Potential Resistance Levels:
Having seen a pause in the price advance following the posting of the 3690 all-time high, this level may now represent the first resistance focus. Closing breaks above 3690 may be required to increase the potential of further price strength.
If closes above the record high at 3690 are seen, it could point to potential tests of 3748, which is the 61.8% Fibonacci extension resistance. If this level was to give way, it could open the possibility of a more extended advance towards 3876, which is the higher 100% extension level.
Potential Support Levels:
It has already been a sharp acceleration higher for Gold prices, and this may open suggestions of a deeper decline to unwind over-extended upside price conditions. However, if such a move is to materialise, closing breaks below the support at 3613 may be required. This level is equal to the September 11th low.
While a closing break below 3613 wouldn’t necessarily signal a negative sentiment shift, it could expose tests of 3546, which is the 38.2% Fibonacci retracement of the August 20th to September 9th phase of price strength, and possibly further if this level were to also give way.
The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients.
Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
Gold (XAUUSD) Intraday Technical Analysis – September 12, 2025Gold is currently trading around 3,643 USD/oz, after bouncing from a short-term descending channel. However, price is now testing a key resistance zone at 3,650 – 3,668 USD, where selling pressure could return.
Key Technical Levels
Resistance: 3,650 – 3,668 USD (previous highs + 61.8% Fibonacci retracement).
Support: 3,585 – 3,600 USD (previous low + EMA confluence).
Technical Outlook
On the H1 timeframe, price retested the descending trendline after a channel breakout.
RSI is flattening near the overbought zone, signaling weakening bullish momentum.
EMA is turning sideways, confirming indecision at this level.
Trading Strategy
Primary Scenario (Short from Resistance):
Entry: 3,646 – 3,650 USD
Stop-loss: above 3,668 USD
Take-profit: 3,600 – 3,590 USD
Alternative Scenario (Long on Breakout):
If price breaks and closes above 3,670 USD, bullish momentum could extend toward 3,700 – 3,715 USD.
Conclusion
Gold is facing strong resistance, making a short-term pullback the favored setup. Watch how price reacts around 3,650 – 3,668 USD for trade confirmation.
Follow for more daily gold strategies and remember to save this analysis if you find it useful.
Current Gold Price (Spot) Spot gold is hovering around $3,6401. Expectations of U.S. Rate Cuts
Markets are pricing in a very high probability of a 25 basis point cut at the Fed’s upcoming meeting, with some possibility of a larger 50 bps move. Weaker U.S. labor and inflation data has helped cement these expectations.
Indiatimes
+2Reuters
+2
2. Weakening U.S. Dollar
A softer dollar makes gold more appealing, helping fuel the rally. This trend underpins its attractiveness as a non-yielding but safe asset.
Financial Times+1
3. Central Bank Demand & Investor Inflows
Chinese central bank purchases are continuing (now in the 10th consecutive month), and global central bank acquisitions are expected to total roughly 900–950 metric tons in 2025. Additionally, gold ETFs like SPDR saw about $5.5 billion in inflows in August.
Reuters+1
4. Geopolitical Tensions & political risks
Uncertainty around Fed independence and broader political developments is prompting investors to shift into gold. Goldman Sachs warns that if Fed autonomy is compromised, gold could potentially reach $5,000 per ounce. More moderate forecasts still suggest $3,800–$4,000 by mid-2026.
Investopedia
Analyst Forecasts
ANZ Group raised its year-end forecast to $3,800, with a potential peak of $4,000 by June 2026.
Reuters
Goldman Sachs sees baseline levels of $3,700–$4,000 by mid-2026, with a possible surge to $5,000 if trust in U.S. policy erodes.
Investopedia
+1
Other analysts also largely echo the $3,800–$4,000 range as achievable before mid-2026.
New York Post+1
Gold Price (XAUUSD) Intraday Analysis – September 9, 2025On the H4 timeframe, gold has been moving strongly within an uptrend channel, consistently forming higher highs and higher lows. At present, price is testing the key resistance zone around 3660 – 3680 USD/oz, which overlaps with the upper boundary of the ascending channel. This is a critical area where profit-taking pressure may appear, increasing the probability of a corrective pullback.
Technical Breakdown
Main Trend: Short-term bullish, but momentum is weakening near resistance.
EMA 50 & EMA 200: Both EMAs are sloping upward, confirming bullish structure. However, rejection near resistance could trigger a correction back toward dynamic support.
RSI (14): Currently entering overbought territory, signaling potential exhaustion of buyers.
Fibonacci Retracement: Measuring the latest bullish leg, retracement levels to watch are 0.382 = 3540, 0.5 = 3500, and 0.618 = 3460 – all acting as key support zones.
Price Action: Bearish rejection candles or engulfing patterns near 3660 – 3680 will strengthen the case for a pullback.
Key Levels
Resistance: 3660 – 3680
Near-term Support: 3540 – 3500
Deeper Support: 3460 – 3420
Major Long-term Support: 3260 – 3300 (trend reversal zone if broken)
Trading Strategies
Short-term Sell Setup
Entry Zone: 3660 – 3680 if bearish confirmation occurs.
Targets: 3540 – 3500.
Stop Loss: Above 3700.
Buy-the-Dip Setup
Entry Zone: 3500 – 3460 if price retraces into support.
Targets: 3600 – 3660.
Stop Loss: Below 3440.
- Outlook: Gold is likely to face selling pressure around 3660 – 3680, with a corrective move expected before bulls can regain control. Traders should wait for confirmation signals to avoid falling into a “fake breakout” trap, as seen in previous market structures.
GOLD ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the charts for us with our 1H chart playing out as analysed with our final target completed today.
After completing 3593, 3613 and then 3638, we stated that we would now look for ema5 cross and lock above 3638 to open 3658. We got the lock and confirmation followed with the target hit - PERFECTION!!
We are now seeing rejection on this level and will use the lower Goldturns for support and bounce. If the range above opens further please review our daily chart and weekly chart updates with higher range levels to continue to track the movement until we update a new 1h chart.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3593 - DONE
EMA5 CROSS AND LOCK ABOVE 3593 WILL OPEN THE FOLLOWING BULLISH TARGETS
3613 - DONE
EMA5 CROSS AND LOCK ABOVE 3613 WILL OPEN THE FOLLOWING BULLISH TARGET
3638 - DONE
EMA5 CROSS AND LOCK ABOVE 3638 WILL OPEN THE FOLLOWING BULLISH TARGET
3658 - DONE
BEARISH TARGETS
3562
EMA5 CROSS AND LOCK BELOW 3562 WILL OPEN THE FOLLOWING BEARISH TARGET
3528
EMA5 CROSS AND LOCK BELOW 3528 WILL OPEN THE SWING RANGE
3492
3470
EMA5 CROSS AND LOCK BELOW 3470 WILL OPEN THE SECONDARY SWING RANGE
3438
3408
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold: Elliott Wave Projection.Here’s the updated market outlook:
Gold's strong bullish momentum has ended, after printing a new all-time high at 3674.650, followed by a strong rejection.
On the M15 chart, the trend has shifted into a confirmed downtrend. Our stance today remains bearish, with attention solely on short opportunities. A move above 3628 could open the door for further upside, while a breakdown below this level may drive price toward the 3540 region.
The primary zone of interest for a potential short entry lies around the 3650 M15 supply area. We plan to wait for price to retrace into this zone and will only execute upon receiving clear confirmation. Discipline and patience are crucial—no trades will be placed without a validated setup.
Latest Gold Price Update Today👋 Hello everyone , what are your thoughts on OANDA:XAUUSD ?
After Friday’s impressive breakout, gold is now showing signs of a pullback at the upper resistance zone, forming lower highs and currently trading around 3590 USD.
The main scenario still favors the bullish side, but I believe a correction is likely before the primary uptrend resumes. That’s the reason behind today’s retracement. The first key support to watch is 3577 USD, followed by the 3565 – 3560 USD zone.
And you—do you think gold will pull back further or continue its rally? Leave your thoughts in the comments and give this post a like if you agree with my view.
Good luck!
Gold XAUUSD Intraday Move 15 Sept 2025Gold continues to show resilience within a bullish structure, and the current setup highlights two potential aggressive buying opportunities. The first lies between 3637–3639, while a deeper retracement toward 3630–3633 also offers an attractive entry point, with both setups well-protected by a stop loss at 3622. These zones align with key demand levels and trendline support, suggesting strong buying interest on dips. Upside targets remain at 3657 initially and extend toward the 3674 region, reflecting a continuation of the broader bullish trend. The reasoning behind this bias stems from both technical and fundamental factors — technically, the market continues to form higher lows, signaling strength, while fundamentally, expectations of potential rate cuts this week could weaken the dollar and further support gold prices. Together, these elements create a favorable environment for buyers, offering strong risk-to-reward opportunities in anticipation of continued bullish momentum.
A brief discussion on my views on recent gold price trendsLast night, I clearly outlined my outlook for gold. Today, the gold price retreated to the support range of 3635-3620 and then stabilized and rebounded. Our long orders have reaped considerable profits. It is a pity that the limit long order set at 3620 before going to bed failed to be triggered, and I missed out on a bigger profit.
Currently, gold's volatility is relatively low, and it has rebounded again to around 3645, which aligns with my view that gold will remain in a range-bound pattern in the short term. Our trading strategy is still highly referenceable. If gold falls back to test the lower support again in the short term, we can still consider going long again. If gold slowly fluctuates upward in the European session, the first thing to pay attention to is whether it can effectively break through 3655. Once it effectively breaks through, gold may retest the short-term resistance of 3665-3680.
Gold Intraday Trading Plan 9/17/2025Although it has broken important resistance of 3673, gold moved very slow yesterday and briefly touched 3700 another ATH. In 2D TF, gold has been very overly bought. It is bound to retrace. Therefore, I am expecting price to drop today to at least 3673. If 3673 is broken, 3655 is the next target.
XAUUSD GOLD OUTLOOK CHART ANALYSIS Gold (XAU/USD) Technical Outlook
Gold has been trading within an ascending channel, but recent price action suggests weakening bullish momentum near the resistance level around $3,680 – $3,700.
🔎 Key Insights:
• Price rejected resistance and is showing signs of bearish momentum.
• A breakdown below the channel could open the way to the first support near $3,600.
• If selling pressure continues, the next downside target is $3,500.
📊 Trading Plan:
• Bearish Bias below $3,680.
• Watch for confirmation on the break of $3,600.
• Short-term traders may look for selling opportunities toward $3,500.
• A sustained move above resistance would invalidate the bearish setup.
⚠️ Risk management is key – always use stop losses and adjust position sizes according to your risk tolerance
Gold: Cooling inflation, eyeing the 3.70x waveHello everyone,
The macro backdrop is currently favourable for gold, with both China and the US reporting weaker-than-expected inflation data: China’s CPI came in at 0% m/m and -0.4% y/y, with PPI at -2.9% y/y; meanwhile, the US posted PPI at -0.1% m/m, 2.6% y/y, and core PPI at 2.8% y/y. These softer figures have pushed yields and the USD lower, while strengthening expectations that the Fed may cut rates at its next meeting. Adding to this, the PBoC continued to purchase gold in August, reinforcing confidence in long-term reserve demand.
On the H4 chart, the bullish structure remains intact: price is holding above the rising Ichimoku cloud, while FVG blocks below act as support. Gold is currently consolidating tightly in the 3.66–3.68 zone, with short-bodied candles suggesting sellers lack the momentum to break the trend. The nearest support levels to watch are 3.63–3.62, then 3.61–3.60, with deeper support at 3.585–3.575 along the cloud edge.
My view leans bullish: I’m looking for a shallow pullback and an H4 close above 3.66–3.68 to open the way towards 3.70–3.715, potentially extending to 3.72 if momentum holds. Only a close below 3.60 on H4 would make me consider a deeper retracement into the 3.585–3.575 cloud zone.
In short, softer inflation and consistent reserve buying are building a strong foundation for gold. What’s needed now is a firm close above 3.68 to confidently target the 3.70x region.
What do you think – will gold break through 3.70x in this move, or does it need another balance around 3.60 first? Share your thoughts!
Gold – Still One of Wall Street’s Highest Conviction TradesGold – Still One of Wall Street’s Highest Conviction Trades
Almost every major Wall Street bank currently lists long Gold as one of their strongest conviction calls – and the reasoning makes sense. There are three fundamental drivers that continue to support the bullish case:
I. Persistent U.S. Inflation → Gold remains in strong demand as a hedge.
II. Potential Fed Rate Cuts → Likely USD weakness could further lift Gold due to its negative correlation .
III. Reserve Diversification → A gradual shift towards Gold as a USD alternative in global central bank and hedge fund portfolios.
I’m not typically a trend trader, nor do I trade Gold frequently (my focus is mean reversion in FX), but I do find these arguments compelling.
From a tactical perspective, I wouldn’t chase the current highs. Price recently broke out of a triangle formation, and the Williams %R is at levels that historically preceded pullbacks. If I had to establish exposure, I’d prefer to wait for a retracement into the 38.2%–61.8% Fibonacci zone, scaling in gradually with multiple small longs.
To be clear – I don’t see an attractive short setup here. But patience may offer better risk–reward on the long side.
What’s your view? Do you agree with the fundamental case, or do you see a different setup?
Stay safe & happy trading,
Meikel