Indices and commodities
#GOLD
Short
Closed
XAUUSD 4H — Ending Diagonal Breakdown for OANDA:XAUUSD by TheChartWhisperr
TradingView
GOLD
Indices and commodities
Closed
Current price
4587.56
USD
PNL
+0.48%
4686.25 USD
Stop Loss
0.4%
4727.84 USD
Take Profit
0.4%
4690.16 USD
Rationale
TradingView idea: XAUUSD 4H — Ending Diagonal Breakdown for OANDA:XAUUSD by TheChartWhisperr
TradingView symbol: XAUUSD
Price completed a rising wedge / ending diagonal structure
off the April lows and rejected cleanly at the 0.118 Fibonacci level.
The breakdown through wedge support confirmed distribution.
Three targets mapped from structural logic:
TP1: $4,725 — first demand zone, now acting as resistance
TP2: $4,690 — structural support and range low
TP3: $4,575 — macro retracement target if TP2 fails to hold
Current price: $4,709 — holding between TP1 and TP2.
Invalidation: reclaim and close above …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Closed
- Closed
- 2026-04-23
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