Gold: Fibonacci-Based Long Setup

rice consolidation around the 0.5 Fibonacci retracement level at 2,632.796 signals a potential continuation of the bullish trend. A breakout above this zone confirms strong buyer momentum, providing an opportunity to capitalize on the uptrend.

Trade Setup:

• Entry: 2,632.796
  
• Stop Loss: 2,620.949 (below Fib 0.0 level for protection)
  
• Take Profit:
  
• Target 1: 2,648.473 (Fib 1.5 level)
  
• Target 2: 2,657.553 (Fib 2.0 level)
  

This setup offers a well-defined risk-reward ratio, leveraging clear technical levels to guide entry, stop loss, and take profit decisions.