Indices and commodities
#GOLD
Short
Active
XAU/USD Update | Can Bulls Clear 4749? for OANDA:XAUUSD by azgoldtrader
TradingView
GOLD
Indices and commodities
Active
Current price
4738.84
USD
PNL
-0.05%
4738.84 USD
Stop Loss
11.33%
5273.23 USD
Take Profit
11.33%
4199.93 USD
Rationale
TradingView idea: XAU/USD Update | Can Bulls Clear 4749? for OANDA:XAUUSD by azgoldtrader
TradingView symbol: XAUUSD
Gold opened with a gap down, and we saw a pullback into 4651 minor support, which provided a strong bounce and led to a test of 4749 resistance. MA50 continues to act as dynamic support, and price is currently trading just below 4749, which remains the key short-term level to watch.
The broader weekly outlook remains intact, and a confirmed break above 4749 would open 4790.
On the downside, another rejection from resistance could see price rotate back toward MA200 and 4627, with the …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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