Gold 30M: Bullish Recovery From Fibonacci Support

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Gold 30M: Bullish Recovery From Fibonacci SupportGoldOANDA:XAUUSDGold_pro_tradersGold is rebounding from the 0.5–0.618 Fibonacci retracement zone after forming a short-term higher low, suggesting early signs of bullish recovery. Price is currently approaching a descending trendline resistance, where continuation strength will be tested. If price holds above the 4,699–4,689 Fibonacci support, buyers may continue pushing toward the 4,739 resistance zone, with a potential extension toward the 4,768 target area. However, rejection at the trendline resistance could lead to another pullback toward the support zone before continuation. Bias: Short-term bullish while holding above Fibonacci support, with upside potential toward 4,739 and 4,768. Educational purposes only — not financial advice.