Indices and commodities
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GOLD
Short
Gold Rejection
Rationale
TradingView idea: Gold: Supply Rejection Opens Room For A Pullback for OANDA:XAUUSD by Structure_View
TradingView symbol: XAUUSD
Gold is finally showing the reaction we were looking for.
Price pushed into the major supply zone, an area where sellers previously stepped in, and failed to establish acceptance above the highs.
The rejection from supply has shifted short-term momentum back toward the downside, with the first important reaction area sitting around the 4,315–4,325 zone.
This is the key level to watch.
If buyers defend this first demand area, gold could attempt another push higher and retest the supply …
Key details
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