Indices and commodities
#GOLD
Short
Active
XAUUSD: Massive Descending-Channel, Next Bear-Flag-Formation! for OANDA:XAUUSD by VincePrince
TradingView
GOLD
Indices and commodities
Active
Current price
4614.22
USD
PNL
+-0.00%
4614.22 USD
Stop Loss
12.78%
5203.92 USD
Take Profit
12.78%
4024.52 USD
Rationale
TradingView idea: XAUUSD: Massive Descending-Channel, Next Bear-Flag-Formation! for OANDA:XAUUSD by VincePrince
TradingView symbol: XAUUSD
Hello There,
welcome to my new analysis about XAUUSD on the 4-hour timeframe perspective. In the past, heavy selling pressure hit the price of XAUSD hard. The price dropped -21.42% towards the downside in the first bearish selling wave. The price dropped -24.37% towards the downside in the second bearish selling wave. Large short and put positions have been opened by institutional whales, increasing bearish pressure. Right now, the next bearish wave is forming and should not be …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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