XAUUSD – Fibonacci Recovery: Can Gold Reclaim 4,170?
Gold is currently trading around 4,145 after a sharp rebound from the major Fibonacci demand zone near 4,070 – 4,080. The recovery initially pushed price toward 4,160, but buyers struggled to maintain momentum, leading to another pullback toward the current reaction area. From the chart, gold previously developed a bullish recovery inside an ascending channel, eventually reaching the major resistance zone around 4,210 – 4,220.
However, the rejection from this area changed the short-term market structure. Price began forming lower highs and moved beneath a descending trendline, showing that…
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Story file
- Section
- Business
- Topics
- Economy & RBI
- First reported by
- Tradingview
- Reporter
- hannah marland follow following
- Published
- Thursday, 15 October 2026, 10:29 am IST
- Coverage
- One outlet so far
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