XAU/USD | Gold at a Key Decision Level – Waiting for Direction! for OANDA:XAUUSD by ArmanShabanTrading

TradingView idea: XAU/USD | Gold at a Key Decision Level – Waiting for Direction! for OANDA:XAUUSD by ArmanShabanTrading TradingView symbol: XAUUSD By analyzing the #Gold chart on the 4H timeframe, we can see that price opened the week with a bearish gap down to around $4672, but buyers quickly stepped in and pushed it back up toward $4739. However, this move lacked continuation and price is now trading around the $4692 region, sitting right at a critical support area. From a structural perspective, the $4680 – $4700 zone is currently acting as a key demand area. As long as price manages to hold and stabilize above this level, we can …