Gold Futures Update – 0.5 Fib Stop Hit, Eyes on 0.618 Confluence
Our initial long setup at the 0.5 Fibonacci retracement level has been stopped out, but the structure remains constructive.
Price is now approaching a key confluence zone at $3,336, where:
This area represents a high-probability support level where bulls may attempt to defend again. We’re monitoring for reaction and potential entry signals around this level. A break below would invalidate the rising wedge structure and shift bias toward lower fib extensions.
Our initial long setup at the 0.5 Fibonacci retracement level has been stopped out, but the structure remains constructive.
Price is now approaching a key confluence zone at $3,336, where:
- The 0.618 fib retracement from the recent swing low to high aligns perfectly,
- The ascending trendline support (respected multiple times since May) intersects, and
- The oint of Control (POC) from the visible volume profile shows dominant volume transacted.
This area represents a high-probability support level where bulls may attempt to defend again. We’re monitoring for reaction and potential entry signals around this level. A break below would invalidate the rising wedge structure and shift bias toward lower fib extensions.
交易進行
Entry at 3344交易結束:達到停損點
Early entry. Stoploss hit. We all have bad days. I'll see you guys next week with better setups.🚀 Founder of SciQua | Strategy. Simulation. Signals.
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🚀 Founder of SciQua | Strategy. Simulation. Signals.
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