XAU/USD – Watching Fibonacci Retracement Levels for Potential Lo

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After a strong bullish impulse from the 3,297 zone to the 3,347 high, gold is currently undergoing a technical pullback.

🔍 **Key Levels to Watch:**

* 📉 38.2% Fib: **3,327**
* ⚖️ 50% Fib: **3,321** (Current area of interest)
* 🛡️ 61.8% Fib: **3,315** – strong potential support zone

The price is now testing the 50% level. If bullish confirmation (e.g. bullish engulfing or breakout candle) appears around the **3,321–3,315** zone, this may present a **high-probability long opportunity**.

🎯 **Trade Idea:**

* **Entry Zone:** 3,321 – 3,315
* **Stop Loss:** Below 3,312
* **Target 1:** Retest of 3,347
* **Target 2:** Extension toward 3,355

⚠️ **Invalidation:** A clear break below 3,312 could open the door for deeper retracement toward the 78.6% level at 3,306.

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