Gold is currently in a corrective phase after a sharp sell-off Price is now retracing and approaching the 61.8 Fibonacci retracement zone, which aligns with previous structure resistance and a descending trendline.
📌 I’m expecting price to:
Test the 61.8 retracement zone
Face short-term rejection
Rotate towards the next support/demand zone
This is a reaction-based setup, not a prediction.
How price behaves at 5125–5140 will decide the next move.
🎯 Key Levels
Resistance / Retracement: 5125 – 5140 (61.8)
Next Support / Demand: Below 5050 – 5000
Invalidation: Strong acceptance above 5140
Follow @arunmano_fx for clean XAUUSD structure-based analysis.
Also Please Go Through My Previous Analysis Also
👉👉👉 Full structure and levels shared on TradingView👉👉👉
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