Gold Correction Done!!!Gold has retraced to the 0.65 Fibonacci level on the 4H timeframe, calculated from the previous swing low. This zone has historically acted as a strong inflection point deep enough to shake out weak hands, but often the launchpad for the next leg up.
Zooming into the lower timeframes (30M–1H), we’re seeing bullish engulfing candles and hammer formations, signalling a potential reversal. Momentum is shifting. If support holds, this could be the start of a solid upside move.
🔍 Multi-Timeframe Snapshot:
🕓 4H Chart:
Price parked at 0.65 Fib retracement.
No breakdown below structure.
Setup still valid unless support fails.
🕒 1H & 30M Chart:
Bullish engulfing + hammer candles.
Higher lows forming.
Volume starting to lean bullish.
🕒 15M Chart:
Microstructure shows swing low forming.
Use this for dynamic trailing or TP reference.
Entry Zone: Current Market price
Stop Loss : 3890
Target : Mentioned on the chart or follow the swing low in 15M TF
