Indices and commodities
#GOLD
Long
Active
XAU/USD Update | Recovery Attempt from Support Zone for OANDA:XAUUSD by azgoldtrader
TradingView
GOLD
Indices and commodities
Active
Current price
4621.63
USD
PNL
+1.01%
4621.63 USD
Stop Loss
2.27%
4471.41 USD
Take Profit
2.27%
4679.12 USD
Rationale
TradingView idea: XAU/USD Update | Recovery Attempt from Support Zone for OANDA:XAUUSD by azgoldtrader
TradingView symbol: XAUUSD
Analysis continues to play out as expected. After the pullback zone failed to provide support, price extended lower into the support zone, where we’ve now seen a strong bullish reaction, suggesting buyers are stepping in within this area.
This bounce puts focus on 4603 as immediate resistance, which now becomes the first level bulls need to reclaim to build momentum. A confirmed break above there would open the door for a move toward 4679 key resistance.
On the downside, we want to see the …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Long
- Status
- Active
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