Indices and commodities
#GOLD
Short
Closed
Gold Drops as Inflation Fears Rise | Watch 4604 for OANDA:XAUUSD by SroshMayi
TradingView
GOLD
Indices and commodities
Closed
Current price
4643.00
USD
PNL
-0.96%
4633.06 USD
Stop Loss
0.5%
4611.99 USD
Take Profit
0.42%
4569.77 USD
Rationale
TradingView idea: Gold Drops as Inflation Fears Rise | Watch 4604 for OANDA:XAUUSD by SroshMayi
TradingView symbol: XAUUSD
GOLD | Bearish Pressure Persists as Inflation Fears Rise
Gold is heading for a weekly loss as rising oil prices continue to fuel inflation concerns, reducing expectations for rate cuts and weighing on bullion.
Short-term, gold remains under pressure despite geopolitical risks, as higher yields and rate expectations dominate.
Trading Plan
Sell Scenario (Primary)
Below 4595 – 4604 zone
Targets: 4570 → 4558 → 4538
Stop Loss: Above 4612
Sell on Breakdown
Below 4570
Targets: 4538 → 4500
Buy …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Closed
- Closed
- 2026-05-01
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