DislikedWell in the first place i would like it to hit the TL+ (so so) PPZ and go through the BRN.
Well i know the PPZ i have drawn is not the best one but i like way price fell hard (2 big red bars) and look at those retracement (small) bars.
If this plan fails then i would like to see some PA on 50 or 61.
.Ignored
Here's another way of looking at Fibs and 50% ret.
I like looking at the most recent, distinct swing High/Low for that time frame. Your Daily Fib on Gold is great and shows the most recent move on the Daily.
On the 4 hour time frame shows recent moves down but there are more then just one. Apply the confluence of PPZ levels and trendline on the 4 hour time frame and it gives a pretty picture.
You may already know this. I thought I would give you another perspective.
Jim
Indicators show the past. Price Action "Indicates" the future.