Indices and commodities
#GOLD
Short
Closed
XAUUSD: Triangle Structure - Drop Toward 4,700 Support Possible for FOREXCOM:XAUUSD by Ratner
TradingView
GOLD
Indices and commodities
Closed
Current price
4587.56
USD
PNL
+0.67%
4712.24 USD
Stop Loss
0.93%
4788.29 USD
Take Profit
0.93%
4700.04 USD
Rationale
TradingView idea: XAUUSD: Triangle Structure - Drop Toward 4,700 Support Possible for FOREXCOM:XAUUSD by Ratner
TradingView symbol: XAUUSD
Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
Gold previously traded inside an upward channel, forming higher highs and confirming bullish momentum. After reaching the top, price lost strength and entered a range. Following this, gold broke below the range and formed a bearish structure with lower highs.
Currently, price is approaching the 4,860 resistance zone, which aligns with a triangle resistance line, while holding above the 4,700 support zone. This …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Closed
- Closed
- 2026-04-23
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