Beauty of Fibonacci Resistance Speed Fan on Gold as a Golden

1. Look at the Beauty of Fibonacci Resistance Speed Fan on Gold as a Golden View
The weekly chart of CFDs on Gold (USD/oz) showcases a stunning Fibonacci resistance fan, guiding price action with precision.

2. Fibonacci Levels as Key Resistance Zones
The fan, drawn from the 2025 low, highlights critical resistance levels: 0.25 at $3,250,000, 0.382 at $3,333,900 (current price), 0.5, 0.618, and beyond, acting as potential ceilings.

3. Current Price Action at $3,333.90
As of July 06, 2025, 01:16 PM +04, gold trades at $3,333.90 (+$8.48 or +0.26%), aligning perfectly with the 0.382 Fibonacci level, indicating a strong resistance test.

4. Upward Momentum Meets Resistance
The price has risen steadily from $2,500 in December 2024, but the Fibonacci fan suggests a potential pause or reversal as it approaches the 0.382 and 0.5 levels.

5. 0.5 Level at $3,500 as a Major Hurdle
The 0.5 Fibonacci resistance at $3,500 looms large, where gold may face significant selling pressure if it breaks through the current $3,333.90 mark.

6. 0.618 Level Signals Next Target
Should gold surpass $3,500, the 0.618 level around $3,750 could be the next psychological and technical barrier, testing bullish strength.

7. Trendline Support Aligns with Fibonacci
The ascending trendline, intersecting near $3,250, complements the Fibonacci fan, offering dynamic support if a pullback occurs from these resistance zones.

8. Recent Price Action Reflects Fibonacci Precision
The recent $8.48 uptick to $3,333.90 demonstrates gold’s adherence to the 0.382 level, reinforcing the fan’s predictive power over the past months.

9. Potential Breakout or Reversal Ahead
Traders should watch for a breakout above $3,333.90 towards $3,500 or a reversal back to $3,250, with the Fibonacci fan providing clear levels to monitor.

10. Strategic Trading with Fibonacci Insights
Use the Fibonacci resistance fan to plan entries and exits, leveraging its alignment with gold’s current $3,333.90 price to anticipate the next move in this golden market.