Gold Facing Rejection at Critical Fibonacci Level

🔑 Key Technical Signals:
• Rejection at 0.618 Fibonacci level ($3,226) creating bearish pressure 📉
• Stochastic indicator showing overbought conditions with divergence ⚠️
• Completed 5-wave structure followed by ABC corrective pattern formation 🌊
• Notable price gap below that could act as a magnet for price action 🧲

📊 Trade Setup:
• Entry: 3219
• Stop Loss: 3234 (150 pips)
• Take Profit Targets:
- TP1: 3193.5 (psychological support) 🎯
- TP2: 3173 (1.618 Fibonacci extension) 💰