🌍 Market Context
Gold is facing renewed selling pressure after yesterday’s bounce from the $3,820 area.
Risk-on sentiment and fresh USD buying are weighing on XAU/USD.
However, expectations of Fed rate cuts later this year and geopolitical tensions remain supportive, limiting deeper downside moves.
📊 Technical Analysis – Fibo Matrix Setup
🔴 SELL Reaction Zones
386x – 388x (Fibo retracement 0.5 – 0.618 + 0.786 confluence)
→ Intraday SELL scalp zone with strong rejection probability.
3881 – 3892 (Fibo 1.5 – 1.618 downtrend extension)
→ Key SELL liquidity zone for deeper rejection.
🟢 BUY Support Zones
3820 – 3819 (short-term recovery base) → Initial intraday support.
3795 – 3793 (Fibo 1.5 – 1.618 recovery zone) → Major liquidity pocket, ideal for BUY setups if tested.
🎯 Trading Scenarios
1️⃣ SELL Setup
Entry: 386x – 388x (watch rejection candlesticks).
Target: 3820 → 3795.
Stop Loss: Above 3892.
2️⃣ BUY Setup
Entry: 3795 – 3793 with bullish confirmation.
Target: 3860 → 3880.
Stop Loss: Below 3785.
⚡ Key Notes
USD momentum is crucial – if dollar strength continues, Gold may retest 379x zones.
Fed’s rate cut outlook and geopolitical headlines remain the “floor” for Gold.
Stick to clear Fibo reaction zones for best risk-to-reward setups.
💬 Community Insight:
Do you expect Gold to hold 3820 before bouncing, or will we see a flush into 379x liquidity?
Drop your setups below 👇
Gold is facing renewed selling pressure after yesterday’s bounce from the $3,820 area.
Risk-on sentiment and fresh USD buying are weighing on XAU/USD.
However, expectations of Fed rate cuts later this year and geopolitical tensions remain supportive, limiting deeper downside moves.
📊 Technical Analysis – Fibo Matrix Setup
🔴 SELL Reaction Zones
386x – 388x (Fibo retracement 0.5 – 0.618 + 0.786 confluence)
→ Intraday SELL scalp zone with strong rejection probability.
3881 – 3892 (Fibo 1.5 – 1.618 downtrend extension)
→ Key SELL liquidity zone for deeper rejection.
🟢 BUY Support Zones
3820 – 3819 (short-term recovery base) → Initial intraday support.
3795 – 3793 (Fibo 1.5 – 1.618 recovery zone) → Major liquidity pocket, ideal for BUY setups if tested.
🎯 Trading Scenarios
1️⃣ SELL Setup
Entry: 386x – 388x (watch rejection candlesticks).
Target: 3820 → 3795.
Stop Loss: Above 3892.
2️⃣ BUY Setup
Entry: 3795 – 3793 with bullish confirmation.
Target: 3860 → 3880.
Stop Loss: Below 3785.
⚡ Key Notes
USD momentum is crucial – if dollar strength continues, Gold may retest 379x zones.
Fed’s rate cut outlook and geopolitical headlines remain the “floor” for Gold.
Stick to clear Fibo reaction zones for best risk-to-reward setups.
💬 Community Insight:
Do you expect Gold to hold 3820 before bouncing, or will we see a flush into 379x liquidity?
Drop your setups below 👇
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.
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.