#🚀 Gold Price Analysis – Fibonacci Retracement Insights
Gold is currently navigating key *retracement levels*, presenting traders with *critical decision points*. Analyzing *extended Fibonacci zones*, including *0.114 & 0.214 levels*, provides a clearer picture of potential price reactions.
🔹 *Key Retracement Levels:*
✅ *0.114 (3,018.22 USD) & 0.214 (3,072.59 USD)* – Early-stage pullback zones where buyers may step in.
✅ *0.382 (3,163.93 USD) & 0.5 (3,228.08 USD)* – Mid-range levels defining trend stability.
✅ *0.618 (3,292.23 USD) & beyond* – Strong resistance areas signaling potential reversal or continuation.
📊 Support & Resistance Zones (Based on Red & Green Arrows):
✔ *Major Support:* 3,022.77 USD – Critical bounce area.
✔ *Secondary Support:* 3,105.54 USD & 3,148.93 USD – Holding here strengthens bullish momentum.
❌ *Major Resistance:* 3,270.99 USD & 3,343.09 USD – Break above may lead to further upside.
##Final Thoughts:
Gold is testing crucial zones, and traders should monitor price reactions at Fibonacci levels before confirming trend direction. A break above *3,343.09 USD* signals strong buying pressure, while failure to hold support at 3,022.77 USD could open lower retracement targets.
##📌 Note:
This analysis is for educational purposes only and not financial advice. Always conduct your own research and risk assessment before making trading decisions.
