Indices and commodities
#GOLD
Short
Active
XAUUSD: Channel Down initiated new bearish wave. for TVC:GOLD by InvestingScope
TradingView
GOLD
Indices and commodities
Active
Current price
4559.98
USD
PNL
+0.75%
4559.98 USD
Stop Loss
4.24%
4789.40 USD
Take Profit
4.24%
4399.78 USD
Rationale
TradingView idea: XAUUSD: Channel Down initiated new bearish wave. for TVC:GOLD by InvestingScope
TradingView symbol: GOLD
Gold is bearish on its 1D technical outlook (RSI = 39.600, MACD = -50.060, ADX = 24.501) as after the April 17th 1D MA50 rejection, the 3 month Channel Down started the new technical bearish wave. We still expect the 0.618 Fibonacci (TP1 = 4,400) and 1W MA50 (TP2 = 4,100) to be targeted.
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Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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