Indices and commodities
#GOLD
Short
Active
Gold remains under bearish pressure below 4,730 for TRADENATION:XAUUSD by TradeNation
TradingView
GOLD
Indices and commodities
Active
Current price
4633.06
USD
PNL
-1.51%
4633.06 USD
Stop Loss
1.41%
4628.52 USD
Take Profit
1.41%
4499.82 USD
Rationale
TradingView idea: Gold remains under bearish pressure below 4,730 for TRADENATION:XAUUSD by TradeNation
TradingView symbol: XAUUSD
The gold continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests an oversold bounce back, potentially setting up for another move lower if resistance holds.
Key Level: 4,730
This zone, previously a consolidation area, now acts as a significant resistance level.
A failed test and rejection at 4,730 would likely resume the bearish momentum.
Downside targets include:
4,500 – Initial support
4,457 – Intermediate support
4,380 – …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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