XAUUSD TIME TO BUYGold Spot (XAUUSD)FXOPEN:XAUUSDaominocenteGold Bullish sentiment - Fibonacci Retracement Respect: - Price retraced from the ATH (All-Time High) and found support near the 0.5 Fibonacci level (4,064.42). - It nearly touched the 0.618 level (4,022.27) but closed above the 0.5, indicating buyers stepped in before deeper retracement occurred. - This behavior often signals a potential continuation of the uptrend. - FLIP ZONE Support: - The highlighted FLIP ZONE marks a previous resistance turned support. - Price reacting positively in this zone reinforces bullish sentiment—this is where buyers historically defend the level. - Volume Confirmation: - Volume spikes near the retracement low suggest accumulation, not distribution. - Rising volume on upward candles implies strong buying interest. - RSI Momentum: - The RSI (Relative Strength Index) at the bottom shows a rebound from oversold or mid-range levels, which typically precedes upward movement. - No bearish divergence is visible, supporting the bullish case. - "Reacted on the previous neck": - This likely refers to a neckline of a prior breakout pattern (e.g., inverse head and shoulders or double bottom). - Price revisiting and bouncing from this neckline is a classic bullish retest. Buyers now coming in. - Price respected key Fibonacci support levels. - Closed above the 0.5 retracement, showing strength. - FLIP ZONE held as support. - Volume and RSI confirm bullish momentum. - Previous breakout level acted as support again.