Indices and commodities
#GOLD
Short
Active
Selling Pressure Dominates – Rebound or Trend Breakdown? for OANDA:XAUUSD by DomicChaina
TradingView
GOLD
Indices and commodities
Active
Current price
4539.92
USD
PNL
+-0.00%
4539.92 USD
Stop Loss
0.44%
4559.73 USD
Take Profit
0.44%
4519.79 USD
Rationale
TradingView idea: Selling Pressure Dominates – Rebound or Trend Breakdown? for OANDA:XAUUSD by DomicChaina
TradingView symbol: XAUUSD
Hello everyone,
Gold is showing clear signs of weakness on the H4 timeframe as price trades below both EMA 34 and EMA 89, with both moving averages starting to slope downward. After the sharp drop toward the 4,520 area, recent rebounds have been weak and consistently rejected at EMA 34—indicating that selling pressure remains in control.
From a macro perspective, this move is being reinforced by broader factors. Gold is currently trading around 4,523 USD/ounce, down more than 100 USD from …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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