Indices and commodities
#GOLD
Short
Active
Gold Technical Analysis - 4600 Rejection, Target 4450 for OANDA:XAUUSD by SibiSh
TradingView
GOLD
Indices and commodities
Active
Current price
4537.34
USD
PNL
+0.24%
4537.34 USD
Stop Loss
2.16%
4646.66 USD
Take Profit
2.16%
4450.17 USD
Rationale
TradingView idea: Gold Technical Analysis - 4600 Rejection, Target 4450 for OANDA:XAUUSD by SibiSh
TradingView symbol: XAUUSD
Gold is currently trading inside a clear descending structure respecting the falling trendline and rejecting the mid resistance zone around 4575-4600. Price recently swept the weak low near 4500 and showed a short-term bullish reaction but overall structure still remains bearish as long as price stays below the trendline and 4550-4575 resistance area. The move up looks corrective rather than a full reversal with lower highs forming and momentum weakening near resistance. The projected path …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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