XAUUSDXAUUSDXAUUSDXAUUSD Key Levels: Resistance Zone: $2,789.87 (100% Fibonacci Extension) Support Levels: $2,628.99 (50% Fibonacci Retracement), $2,607.20 (61.8% Fibonacci Retracement). Bullish Setup: The price has retraced to the 61.8% Fibonacci level (B), suggesting a potential upward move to the 100% Fibonacci Extension target at $2,789 (C).
Trading Idea:
Entry: $2,607 - $2,628. Stop-Loss: Below $2,585.06. Target: $2,789.87, extended to $2,840.08. Technical indicators align with a corrective pullback phase (wave B), with the next rally possibly marking wave C. Do your own analysis before trading!
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