Indices and commodities
#GOLD
Short
Closed
XAUNOW | Gold Will Fall First and then It Will Rise! for OANDA:XAUUSD by XAUNOW
TradingView
GOLD
Indices and commodities
Closed
Current price
4711.91
USD
PNL
+0.00%
4705.47 USD
Stop Loss
0.12%
4711.12 USD
Take Profit
0.12%
4699.82 USD
Rationale
TradingView idea: XAUNOW | Gold Will Fall First and then It Will Rise! for OANDA:XAUUSD by XAUNOW
TradingView symbol: XAUUSD
After yesterday’s analysis, Gold continued exactly as expected and rallied all the way up to $4765, delivering nearly 600 pips of movement from the projected zone. After the expansion, price faced short-term selling pressure and is currently trading around $4727. At this point, I believe Gold could still see a deeper pullback toward the $4700 – $4710 area before buyers step in again for the next bullish continuation.
For me, this looks more like a healthy correction inside a larger bullish …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Closed
- Closed
- 2026-05-07
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