Gold

1. 50% Fibonacci retracement is acting as a decision point, where price is hovering and consolidating. A clean breakout or rejection here will define the next move.
2. The presence of green bullish candles shows buying pressure, but follow-through momentum hasn’t confirmed yet.
3. 38.2% and 23.6% levels may serve as key support zones in case of a retracement.

Scenario 1: Bullish Continuation

1. Entry (Buy): On a strong candle closing above the 50% Fibonacci level.
2. Target: First TP at 61.8%, extended TP at the next major resistance.
3. Stop Loss: Below the 38.2% level or the most recent swing low.

Ideal if volume increases during breakout—watch for confirmation with price action signals.
Scenario 2: Bearish Rejection

1. Entry (Sell): If price fails to break above 50% and forms strong bearish rejection candles.
2. Target: 23.6% level first, and then previous lows (0%).
3. Stop Loss: Just above 50% or above the wick of the reversal candle.

This would mark a return to the prevailing bearish trend, offering clean downside opportunities.
Pro Tip – Watch for a Fakeout
If price briefly breaks above the 50% zone but quickly reverses, this could be a great sell opportunity with tight risk, especially if combined with divergence or volume drop.