After a clean 5-wave bearish impulse, gold has finally tapped into a high-probability reversal zone! Here's what I'm seeing:
🔹 Break of structure confirmed at 3337.46
🔹 Price extended all the way to the 4.236 – 4.786 fib zone (3244–3228)
🔹 Landed perfectly in the SNR zone (3238–3231)
🔹 Bullish divergence spotted on the Awesome Oscillator (AO)
🔹 Now printing a bullish engulfing right at demand? 👀
📍 This is a textbook reversal setup.
💡 Waiting to Buy:
If price shows continued bullish intent or lower timeframe confirmation, I’m looking to enter long from the 3238–3231 area, targeting back to the Fib retracement zones and potentially the structure break at 3337.46.
🛡️ SL just below the 4.786 fib extension for safety.
🔥 Summary:
✅ Structure broken
✅ AO divergence
✅ Engulfing at SNR + fib confluence
🎯 Buy zone activated – now waiting for confirmation!
📌 Let the market come to you. No rush. Just watching for that golden reversal.
#XAUUSD #GoldReversal #FibExtension #AOdivergence #ElliottWave #BullishSetup #BuyZone #SmartTrading #ForexAnalysis
🔹 Break of structure confirmed at 3337.46
🔹 Price extended all the way to the 4.236 – 4.786 fib zone (3244–3228)
🔹 Landed perfectly in the SNR zone (3238–3231)
🔹 Bullish divergence spotted on the Awesome Oscillator (AO)
🔹 Now printing a bullish engulfing right at demand? 👀
📍 This is a textbook reversal setup.
💡 Waiting to Buy:
If price shows continued bullish intent or lower timeframe confirmation, I’m looking to enter long from the 3238–3231 area, targeting back to the Fib retracement zones and potentially the structure break at 3337.46.
🛡️ SL just below the 4.786 fib extension for safety.
🔥 Summary:
✅ Structure broken
✅ AO divergence
✅ Engulfing at SNR + fib confluence
🎯 Buy zone activated – now waiting for confirmation!
📌 Let the market come to you. No rush. Just watching for that golden reversal.
#XAUUSD #GoldReversal #FibExtension #AOdivergence #ElliottWave #BullishSetup #BuyZone #SmartTrading #ForexAnalysis
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.