Bull flag above 4078, buy the dip before NFP**
**H4 view:** Gold staged a strong rally from the **3859 low to 4145**, almost 290 points in a few days. Since then, price has been consolidating between 4078 and 4145. The **0.236 Fibonacci (4078)** already held once with a long wick, so buyers are defending it.
Fibonacci of the rally (3859.20 → 4145.64):
- 0.236 → 4078.04
- 0.382 → 4036.22
- 0.500 → 4002.42
**Plan:** Price is at 4101, in the middle of the range, so I'm not entering now. I'll place a buy limit at the **0.236 support** and let the market come to me.
**Trade: BUY LIMIT XAUUSD (H4)**
- Entry: 4080
- SL: 4058
- TP1: 4120
- TP2: 4145
**Invalidation:** an H4 close below 4078 means the flag has failed, and the next support is the 0.382 at 4036.
**Watch out:** the US jobs report (NFP) comes out tomorrow. If the order isn't filled before the release, I'll cancel it. If it's filled and in profit, I'll move the stop to breakeven before the number.
Not financial advice – manage your risk.
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