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8 826
The Fed hiked rates by 25 basis points, sending gold down to $4,250.
Price is now making a corrective move. If price breaks above the 0.5 Fib level, look for continuation to the upside, with the 0.5 Fib level potentially flipping from resistance to support.
If price continues to decline, look for the 0.618 Fib level to act as support.
8 826
Hello traders!
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8 826
Price is consolidating below the 0.5 Fib level.
If price retests the 0.5 Fib level, look for downside continuation.
If price retraces to the 0.618 Fib level, look for a potential reversal to the upside.
8 826
Price closed below the 0.5 Fib level with a strong bearish close.
Looking for a break and retest of the 0.5 Fib level, followed by downside continuation to fill the daily wick.
8 826
Trade Breakdown:
1. Waited for the session low to be swept.
2. Entered on the 15-minute flip using a buy stop order.
3. Price formed an Asian low reversal, leading to the move higher. TP2 was hit.
8 826
✅ TP1 Hit
Closed 80% at +30 pips
Stop loss moved to breakeven
20% runner active to TP2
8 826
📊 XAUUSD Entry x1
🟢 BUY NOW
💰 PRICE: 4323.58
✅ TP1: 4326.58 (+30 pips)
✅ TP2: 4329.58 (+60 pips)
❌ SL: 4319.58 (-40 pips)
