Indices and commodities
#GOLD
Short
Closed
XAUUSD Descending Structure Signals More Downside To 4,650 (TP1) for FOREXCOM:XAUUSD by LegionQ8
TradingView
GOLD
Indices and commodities
Closed
Current price
4587.56
USD
PNL
+1.40%
4642.78 USD
Stop Loss
1.24%
4767.01 USD
Take Profit
1.24%
4650.23 USD
Rationale
TradingView idea: XAUUSD Descending Structure Signals More Downside To 4,650 (TP1) for FOREXCOM:XAUUSD by LegionQ8
TradingView symbol: XAUUSD
Hello traders! Here’s my technical outlook based on the current XAUUSD (3H) chart structure. Gold previously moved inside a descending channel. After a breakout from this structure, price found a bottom and started a recovery phase. The market then formed an ascending structure, but recently shifted into a smaller descending channel, signaling short-term weakness. Currently, price is trading below the 4,900 resistance (seller zone) and moving toward the 4,650 support (buyer zone), while …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Closed
- Closed
- 2026-04-28
The information published on this website and in the Invest Ideas bot is provided for informational purposes only and does not constitute individual investment advice, an offer, or a solicitation to buy or sell any financial instrument. Users make all financial and investment decisions at their own discretion and under their own responsibility. The administration and owners of the website and bot are not responsible for user-generated materials or for any losses arising from the use of the published information.