Indices and commodities
#GOLD
Long
Active
GOLD PLAYING IN THE SWING RANGE ZONE for OANDA:XAUUSD by Goldviewfx
TradingView
GOLD
Indices and commodities
Active
Current price
4559.98
USD
PNL
+0.51%
4559.98 USD
Stop Loss
1.92%
4449.63 USD
Take Profit
1.92%
4623.85 USD
Rationale
TradingView idea: GOLD PLAYING IN THE SWING RANGE ZONE for OANDA:XAUUSD by Goldviewfx
TradingView symbol: XAUUSD
Hey Everyone,
The bearish gap at 4624 was filled at the start of the week, followed by an EMA5 lock, which opened up the current swing range. Price is now testing the first level of the swing range, where we are seeing a reactive bounce, as expected.
As long as this first swing level holds, we expect a continuation of the full swing move back toward 4624.
However, if ema5 locks below 4518, this would open the 2nd swing range level. Even in that scenario, those lower levels are still …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Long
- Status
- Active
The information published on this website and in the Invest Ideas bot is provided for informational purposes only and does not constitute individual investment advice, an offer, or a solicitation to buy or sell any financial instrument. Users make all financial and investment decisions at their own discretion and under their own responsibility. The administration and owners of the website and bot are not responsible for user-generated materials or for any losses arising from the use of the published information.