Indices and commodities
#GOLD
Short
Closed
Gold Drops Hard, Rebounds to EMA 34 – Retest or More Downside? for OANDA:XAUUSD by DomicChaina
TradingView
GOLD
Indices and commodities
Closed
Current price
4587.56
USD
PNL
-0.67%
4739.01 USD
Stop Loss
0.58%
4734.75 USD
Take Profit
0.58%
4680.14 USD
Rationale
TradingView idea: Gold Drops Hard, Rebounds to EMA 34 – Retest or More Downside? for OANDA:XAUUSD by DomicChaina
TradingView symbol: XAUUSD
Hello everyone,
On the H1 timeframe, gold has just experienced a decisive drop after breaking below the previous consolidation zone around 4,780–4,800. This move triggered strong selling pressure, pushing price down toward the 4,680 area. Notably, the decline came with high volume, suggesting this was not just short-term noise but a deliberate distribution phase.
However, shortly after hitting the low, price showed a relatively quick rebound. Consecutive bullish candles indicate that buying …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Closed
- Closed
- 2026-04-23
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