Indices and commodities
#GOLD
Short
Closed
Gold Forecast Today - Will Gold Drop After Fed Rates Decision? for OANDA:XAUUSD by SibiSh
TradingView
GOLD
Indices and commodities
Closed
Current price
4587.56
USD
PNL
+1.02%
4553.60 USD
Stop Loss
0.88%
4640.82 USD
Take Profit
0.88%
4559.86 USD
Rationale
TradingView idea: Gold Forecast Today - Will Gold Drop After Fed Rates Decision? for OANDA:XAUUSD by SibiSh
TradingView symbol: XAUUSD
Gold is currently trading in a corrective bearish structure after a strong drop forming a bear flag and rising channel on lower timeframes. Price is struggling below the zone around 4610-4625 showing weak bullish momentum and liquidity building above before a potential move down. As long as price stays below this resistance channel downside continuation towards 4560 and lower remains more likely especially after multiple rejections from mid-range levels.
Today’s FED rate decision is expected …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Closed
- Closed
- 2026-04-29
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