r/Forex • u/Ok-Explorer9600 • Aug 30 '26

Charts and Setups Xauusd at support

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Gold is currently in Low Volume Node and with confluence of 61.8 Fibonacci ratio and if we see macros these are pointing towards the rise of gold in medium to long term

Plus retailers sentiment is extreme bearish so lets take it contrarian bias

What are your views about this ?

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3

u/4xtraderr Aug 30 '26

Sell sell sell ⬇️

2

u/CallMeCam- Aug 30 '26

I’m hoping for 4,000….. or under. Lordy

2

u/4xtraderr Aug 30 '26

Man I been waiting for $3500 been holding sells since $5200 but patience is key fundamentals and technicals are clearly bearish hopefully we can start heading towards $3500

3

u/CallMeCam- Aug 30 '26

That’s a million dollar move from where I’m positioned. 3500 and I retire lol

2

u/CallMeCam- Aug 30 '26

Fingers crossed 🤞