XAUUSD Technical Analysis - BuyingXAUUSD Reacts From Fibonacci Buy Zone, Recovery Structure Still Needs Confirmation
Gold is showing an early reaction from the Fibonacci buy zone around 4493, after a corrective move from the previous resistance area. The short-term structure is still under pressure, but the current price action suggests that buyers are trying to defend an important technical base.
The key question now is whether gold can build enough strength above this demand zone to challenge the next resistance levels.
Mar
Tradinganalys
XAUUSD — Resistance now key focusXAUUSD — Wave 5 Sell Zone Now Becomes the Weekly Decision Point
Gold is moving into next week with a very sensitive structure on the chart. The broader trend is no longer in clean expansion mode, and price is now testing a zone where the market must decide whether this is only a temporary rebound inside weakness, or the start of a deeper selloff.
For Kelly, this is not the kind of chart to chase emotionally. This is the kind of chart where structure has to lead.
Technical structure
On the ch

