Hi everyone, let’s take a closer look at XAUUSD today!
Gold is still trading inside a broad upward channel, but momentum has slowed and the market is now in a corrective phase. After a strong rally, the pullback looks natural — with eyes on the 3,500 zone, where multiple supports converge: horizontal, trendline, and the 0.618 Fibonacci level.
This area is the real battleground. Hold the line, and buyers may step back in with force. Lose it, and the bullish structure breaks, paving the way for a deeper decline.
Stay sharp, validate your setups, and keep risk under control.
Good luck out there!
Gold is still trading inside a broad upward channel, but momentum has slowed and the market is now in a corrective phase. After a strong rally, the pullback looks natural — with eyes on the 3,500 zone, where multiple supports converge: horizontal, trendline, and the 0.618 Fibonacci level.
This area is the real battleground. Hold the line, and buyers may step back in with force. Lose it, and the bullish structure breaks, paving the way for a deeper decline.
Stay sharp, validate your setups, and keep risk under control.
Good luck out there!
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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.
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.