Indices and commodities
#GOLD
Long
Closed
XAUUSD Long: Supported by Trendline - Recovery Targets 4,780 for FOREXCOM:XAUUSD by heniitrading
TradingView
GOLD
Indices and commodities
Closed
Current price
4587.56
USD
PNL
-2.38%
4570.66 USD
Stop Loss
2.09%
4584.15 USD
Take Profit
2.09%
4779.85 USD
Rationale
TradingView idea: XAUUSD Long: Supported by Trendline - Recovery Targets 4,780 for FOREXCOM:XAUUSD by heniitrading
TradingView symbol: XAUUSD
Hello traders! Here’s my technical outlook based on the current XAUUSD (2H) chart structure. Gold previously traded below a descending supply line. After several breakout attempts, price found a bottom at a pivot point and shifted into a recovery phase, forming higher lows.
Currently, price is holding above the 4,660 demand zone, which acts as key support, while approaching the 4,780 supply zone. A recent test and rejection from this area indicates selling pressure, while the ascending trend …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Long
- Status
- Closed
- Closed
- 2026-04-28
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