Indices and commodities
#GOLD
Short
Active
Gold Facing Bearish Pressure Toward Major Support for OANDA:XAUUSD by Gold_pro_traders
TradingView
GOLD
Indices and commodities
Active
Current price
4559.98
USD
PNL
+0.28%
4559.98 USD
Stop Loss
3.78%
4745.81 USD
Take Profit
3.78%
4400.09 USD
Rationale
TradingView idea: Gold Facing Bearish Pressure Toward Major Support for OANDA:XAUUSD by Gold_pro_traders
TradingView symbol: XAUUSD
Gold on the daily timeframe is trading below a descending trendline, showing continued bearish pressure after multiple rejections from lower highs. Price is currently moving toward a major support zone, which may act as the next reaction area.
If price remains below the trendline resistance, downside continuation toward the 4,400 support zone remains possible. However, a strong reaction from support could lead to consolidation or a short-term recovery before the next directional …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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