{"id":11481,"date":"2021-08-24T09:03:25","date_gmt":"2021-08-24T09:03:25","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11481"},"modified":"2023-05-04T09:06:26","modified_gmt":"2023-05-04T09:06:26","slug":"xauusd-they-symmetrical-harmony-of-fibonacci-levels","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/08\/24\/xauusd-they-symmetrical-harmony-of-fibonacci-levels\/","title":{"rendered":"XAUUSD They symmetrical harmony of Fibonacci levels"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>In my most recent Gold idea I introduced the importance of the Fibonacci retracement levels as targets following the August 08 flash crash of the Nonfarm Payrolls:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"XAUUSD Bullish divergence and Inverse H&amp;S lead to break-out\" href=\"https:\/\/www.tradingview.com\/chart\/XAUUSD\/M9To6WSH-XAUUSD-Bullish-divergence-and-Inverse-H-S-lead-to-break-out\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/m\/M9To6WSH_big.png\" alt=\"XAUUSD Bullish divergence and Inverse H&amp;S lead to break-out\" \/><\/a><\/div>\n<p>As you see since then, the Fibs have acted very well as Resistance levels which on the following pull-backs acted as Supports. As the 0.786 Fib is currently holding, the only gap left to be filled is the 1.0 Fib at 1832.<\/p>\n<p>It is however the most difficult Fib target to fill as there are two very important barriers: first the 1D MA200 (orange trend-line on the right top chart) at 1,810.30 and the 1W MA50 (blue trend-line on the right bottom chart) at 1,825.93, which is holding since June 16.<\/p>\n<p>A positive sign though is the fact that yesterday XAUUSD posted the first 1D candle closing above the 1D MA50 since June 15.<\/p>\n<p>Long-term view:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"XAUUSD is approaching the 2018 bullish trend-line.\" href=\"https:\/\/www.tradingview.com\/chart\/XAUUSD\/bKoLeAJS-XAUUSD-is-approaching-the-2018-bullish-trend-line\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/b\/bKoLeAJS_big.png\" alt=\"XAUUSD is approaching the 2018 bullish trend-line.\" \/><\/a><\/div>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/XAUUSD\/YUmc1t2V-XAUUSD-They-symmetrical-harmony-of-Fibonacci-levels\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/XAUUSD\/YUmc1t2V-XAUUSD-They-symmetrical-harmony-of-Fibonacci-levels<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; In my most recent Gold idea I introduced the importance of the Fibonacci retracement levels as targets following the August 08 flash crash of the Nonfarm Payrolls: As you see since then, the Fibs have acted very well as Resistance levels which on the following pull-backs acted as Supports. As the 0.786 Fib is<\/p>\n","protected":false},"author":611,"featured_media":11482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1638],"tags":[],"class_list":["post-11481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11481"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11481\/revisions"}],"predecessor-version":[{"id":11485,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11481\/revisions\/11485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11482"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}