Indices and commodities
#GOLD
Short
Closed
XAUUSD: in Descending Channel - Downside Toward 4,600 Likely for FOREXCOM:XAUUSD by Ratner
TradingView
GOLD
Indices and commodities
Closed
Current price
4587.56
USD
PNL
+1.81%
4601.61 USD
Stop Loss
1.84%
4772.48 USD
Take Profit
1.84%
4600.02 USD
Rationale
TradingView idea: XAUUSD: in Descending Channel - Downside Toward 4,600 Likely for FOREXCOM:XAUUSD by Ratner
TradingView symbol: XAUUSD
Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
Gold previously moved inside an upward channel. After reaching the upper boundary, price faced resistance and started to lose strength. Following this, XAUUSD broke below the channel and shifted into a downward structure, forming lower highs.
Currently, price is trading inside a descending channel and approaching the 4,770 resistance zone, where a rejection is visible. At the same time, gold already broke …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Closed
- Closed
- 2026-04-28
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