Indices and commodities
#GOLD
Long
Active
XAU/USD Weekly Outlook | Reclaim 4679 and Higher Levels Open for OANDA:XAUUSD by azgoldtrader
TradingView
GOLD
Indices and commodities
Active
Current price
4614.22
USD
PNL
+0.00%
4614.22 USD
Stop Loss
1.4%
4549.62 USD
Take Profit
1.4%
4678.82 USD
Rationale
TradingView idea: XAU/USD Weekly Outlook | Reclaim 4679 and Higher Levels Open for OANDA:XAUUSD by azgoldtrader
TradingView symbol: XAUUSD
Gold finished last week with a nice push higher toward our target at 4679. Price is currently trading between both moving averages.
In the near term, we may see MA200 continue to act as resistance on the way toward the 4679 target. A confirmed reclaim of 4679 would strengthen bullish momentum and open the path toward higher levels. However, key resistance for bulls still sits at 4867, and this level needs to be cleared for buyers to attempt a broader recovery into the 5118–5224 zone.
On the …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Long
- Status
- Active
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