Indices and commodities
#GOLD
Short
Active
Gold Analysis and Trade Plan Before NFP Release for OANDA:XAUUSD by SibiSh
TradingView
GOLD
Indices and commodities
Active
Current price
4713.56
USD
PNL
+0.28%
4713.56 USD
Stop Loss
0.57%
4753.74 USD
Take Profit
0.57%
4699.86 USD
Rationale
TradingView idea: Gold Analysis and Trade Plan Before NFP Release for OANDA:XAUUSD by SibiSh
TradingView symbol: XAUUSD
Gold is still trading inside a short-term bullish structure but price is struggling below the 4740-4760 resistance zone where sellers are active again. The possible rising wedge showing weak bullish channel and if gold fails to break above 4760 then a deeper correction could start toward 4700, 4680 and even 4650. Buyers still have control above 4680 but momentum is slowing and rejection near the top zone is important to watch. A strong breakout above 4760 can push price toward 4780-4800 …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
The information published on this website and in the Invest Ideas bot is provided for informational purposes only and does not constitute individual investment advice, an offer, or a solicitation to buy or sell any financial instrument. Users make all financial and investment decisions at their own discretion and under their own responsibility. The administration and owners of the website and bot are not responsible for user-generated materials or for any losses arising from the use of the published information.