Fastpip Fibo Signal โ Gold H4 Outlook: RSI Divergence and Fibonacci Reversal Zone
On the H4 chart of Gold (XAU/USD), price action surged to the 3438 level during last night’s session, aligning closely with the 70% RSI (14) threshold often considered an overbought zone.
According to the Fastpip Fibo strategy, which blends Fibonacci retracement levels with RSI signals, a corrective move is now anticipated. If the price breaks below 3414.76, further bearish pressure may push it toward the following Fibonacci-derived targets:
- 3389.13
- 3373.96
- Final support: 3385.79
โ ๏ธ This signal originates from a higher time frame (H4), which may involve increased risk exposure. Therefore, strict position sizing and risk management are advised.
๐ข Signal Result
๐ฏ Target 1 reached at 3389.13, delivering +2,563 pips profit from the entry at 3414.76.
๐ The next target is at 3358.79.
We recommend setting the Stop Loss at breakeven (entry point) to secure your gains and let the rest run risk-free.