Indices and commodities
#GOLD
Short
Active
XAU/USD | Gold Reaches Critical Supply Zone, Free Fall Ahead? for OANDA:XAUUSD by ArmanShabanTrading
TradingView
GOLD
Indices and commodities
Active
Current price
4727.05
USD
PNL
-0.17%
4727.05 USD
Stop Loss
1.5%
4789.59 USD
Take Profit
1.5%
4648.03 USD
Rationale
TradingView idea: XAU/USD | Gold Reaches Critical Supply Zone, Free Fall Ahead? for OANDA:XAUUSD by ArmanShabanTrading
TradingView symbol: XAUUSD
By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous analysis, Gold opened today with a bearish gap around the $4687 region. Price initially dropped toward $4648, but strong buying pressure stepped in once again and buyers managed not only to fully fill the gap, but also push price even higher into the critical $4730 – $4750 supply zone.
However, after reaching this key resistance area, strong selling pressure appeared again and Gold is currently trading below …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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