After a 10% correction, gold is now pulling back toward the $4150–$4200 Fibonacci retracement zone.
If the price extends to around $4300, it could signal that the recent low near $3900 was the true bottom and that the bullish structure is recovering.
The next few candles will confirm whether this move is just a technical pullback or the start of a new uptrend.
As long as the daily RSI stays above 50, the bullish trend remains valid.
(This post is for educational purposes only and not financial advice.)
#Gold #XAUUSD #Trading #Markets #Investing
If the price extends to around $4300, it could signal that the recent low near $3900 was the true bottom and that the bullish structure is recovering.
The next few candles will confirm whether this move is just a technical pullback or the start of a new uptrend.
As long as the daily RSI stays above 50, the bullish trend remains valid.
(This post is for educational purposes only and not financial advice.)
#Gold #XAUUSD #Trading #Markets #Investing
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