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XAUUSD – Lana prefers to buy on Fibonacci retracements 💛
quick summary
Short-term trend: continued rise
Follow-up time frame: H1
Background: Due to the upcoming holidays and weak liquidity, the price did not break through the resistance level decisively
Strategy: Buy first and wait for the price to rebound to the 50 Fibonacci area
Market background
Gold prices continue to maintain their upward momentum, approaching the historical area of $4,350 per ounce. Although the resistance above has not yet been completely broken, the upward trend remains stable.
Gold’s gains were supported by U.S. data showing signs of weakness in the labor market, expectations of a Federal Reserve interest rate cut, and rising geopolitical tensions, especially concerns about Venezuela ahead of President Trump’s speech.
The market may move more slowly due to lower liquidity due to the holidays, but the main trend is still buying.
Technology Outlook for the First Half of the Year
The bullish structure remained strong during the first half of the year. Price is accumulating below a strong resistance area, indicating that the market needs more time to absorb the selling force.
The 50 Fibonacci area currently coincides with the previous day’s strong support area, which is suitable to wait for a rebound and then continue to trade with the trend.
Daily trading scenarios
Main Scenario – Buy in an Uptrend
Entry points: 4309 – 4312
Stop loss: 4300
Profit target: 4330→4352→4390
Lana prefers to wait for price to correct slightly into this area before entering a trade, rather than buying when resistance is approaching.
transaction notes
Poor liquidity → avoid large transactions and prefer risk management
Lana is ready to stay away from the market if the price does not rebound to the holding zone
Monitor price reaction at resistance levels before predicting a top breakout
Lana’s Notes 🌿
Each setting is just one possibility among many scenarios on the market. Lana always sets a clear stop loss and only trades when the price reaches the planned area.
