XAU/USD Buy Setup Explanation (Using Fibonacci Levels)

5月30日

This chart presents a bullish trading setup on gold (XAU/USD) based on a Fibonacci retracement strategy. It suggests a buy opportunity after a pullback.

✅ Fibonacci Levels:
> 0.0% (Top): $3,331 – recent swing high (used as reference)

> 23.6%: $3,312 – minor resistance zone

> 38.2%: $3,297 – initial pullback area

> 50.0%: $3,290 – psychological mid-level

> 61.8% (Golden Ratio): $3,280 – key Fibonacci support

> 78.6%: $3,266 – deeper retracement support

> 100% (Bottom): $3,249 – recent swing low

🟪 Buy Zone (Between 50% and 61.8%):
The marked BUY ZONE is between $3,290 and $3,280, aligning with the Fibonacci golden pocket.

This is a high-probability reversal area, as it combines:

Strong Fibonacci confluence (50%–61.8%)

Prior price reaction zones (structure-based support)

: TP1: $3,320 – aligns with previous structure zone and 23.6% retracement.

: Final Target: $3,350 – a retest of the major resistance and previous high.

📌 Conclusion:
This is a classic Fibonacci retracement long setup:

Wait for a bullish reversal pattern (e.g., pin bar, engulfing) in the buy zone.

As long as the price holds above $3,266, the bullish structure remains valid.

Ideal for swing traders looking to catch a bounce off the golden ratio support.

6月2日

交易進行

We almost achieved our TP1 3320, our setup is still valid, and we are heading towards our final target 3350.

6月2日

交易結束：目標達成

Congratulations Our target is about to hit. We made almost 600+ pips profit on this setup. Stay tuned for more updates