Open MQL5 profile
XAUUSD: Buying Support Zone | Targeting Upward Gap Fill at 0.618 Fib
XAUUSD has completed a pullback following a downward move and is currently forming a base around the 4120.00 support zone. Key Technical Levels & Setup: Support / Entry Zone: Strong support holding at 4120.00 - 4130.00 . Fibonacci Targets: TP 1: 0.382 Fib (~ 4172.50 ) TP 2: 0.500 Fib (~ 4191.60 ) TP 3 / Primary Target: 0.618 Fib (~ 4210.70 ) to fill the liquidity gap. Stop Loss: Below key support at 4110.00 . Outlook: Looking for a bullish continuation off the 4120 demand level to fill the fair value gap above, targeting the 0.618 Fibonacci level (~4210.70) . Monitor price action around 4148 (0.236 Fib) for initial confirmation of bullish momentum.