After a 10% correction, gold is now pulling back toward the $4150–$4200 Fibonacci retracement zone.
If the price extends to around $4300, it could signal that the recent low near $3900 was the true bottom and that the bullish structure is recovering.
The next few candles will confirm whether this move is just a technical pullback or the start of a new uptrend.
As long as the daily RSI stays above 50, the bullish trend remains valid.
(This post is for educational purposes only and not financial advice.)
#Gold #XAUUSD #Trading #Markets #Investing
If the price extends to around $4300, it could signal that the recent low near $3900 was the true bottom and that the bullish structure is recovering.
The next few candles will confirm whether this move is just a technical pullback or the start of a new uptrend.
As long as the daily RSI stays above 50, the bullish trend remains valid.
(This post is for educational purposes only and not financial advice.)
#Gold #XAUUSD #Trading #Markets #Investing
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
