Indices and commodities
#GOLD
Long
Active
Gold Analysis - CPI Volatility May Push XAUUSD Toward 4820 for OANDA:XAUUSD by SibiSh
TradingView
GOLD
Indices and commodities
Active
Current price
4698.08
USD
PNL
+0.03%
4698.08 USD
Stop Loss
2.62%
4573.70 USD
Take Profit
2.62%
4819.80 USD
Rationale
TradingView idea: Gold Analysis - CPI Volatility May Push XAUUSD Toward 4820 for OANDA:XAUUSD by SibiSh
TradingView symbol: XAUUSD
Gold is currently trading inside a critical support and resistance range after rejecting the 4760-4770 resistance zone on the H1 chart. Price is now hovering around the descending trendline near 4695 while the 4670-4650 support area remains the key bullish demand zone. Technically gold still holds bullish recovery potential as long as buyers defend the 4650 region and the chart structure suggests a possible liquidity sweep before another push toward 4740 and potentially 4780+.
Today’s US CPI …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Long
- Status
- Active
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