Indices and commodities
#GOLD
Short
Closed
Gold Technical Analysis - Is Gold Heading Toward 4550 Next? for OANDA:XAUUSD by SibiSh
TradingView
GOLD
Indices and commodities
Closed
Current price
4587.56
USD
PNL
+3.55%
4546.93 USD
Stop Loss
3.48%
4878.21 USD
Take Profit
3.48%
4550.11 USD
Rationale
TradingView idea: Gold Technical Analysis - Is Gold Heading Toward 4550 Next? for OANDA:XAUUSD by SibiSh
TradingView symbol: XAUUSD
Gold is currently trading inside a corrective bearish structure after failing to sustain above the 4830-4850 resistance zone. Price is respecting a descending trendline while forming lower highs indicating continued selling pressure. The recent consolidation shows a potential distribution phase with liquidity building below the equal lows around 4675-4680. Resistance around 4745-4765 reinforcing the bearish bias unless a strong breakout occurs. The projected path suggests a possible short-term …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Closed
- Closed
- 2026-04-29
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