XAUUSD 1H Fibonacci SetupGoldOANDA:XAUUSDChartedStarsFXHi Friends. After the rally from ∼4,030 to 4,380, price consolidated then dropped. I anchored Fib from 4,235.3 low to 4,453.5 high. What happened: Impulse down tapped the 0% level, wicked to ∼4,220, now basing at 4,267.7. Levels I'm watching: 0.236: 4,286.8 (confluent with your 4,287.5) 0.5 mid: 4,344.4 0.618: 4,370.1 (your top blue line 4,369.99) 0.786: 4,406.8 Trade idea: Wait for 1H structure. Bullish only on reclaim of 4,287-4,318. Bearish if rejection holds. No chasing wicks. Trade wisely.