Indices and commodities
#GOLD
Long
Active
XAUUSD Technical Analysis -Will Gold Break Higher or Drop Lower? for OANDA:XAUUSD by SibiSh
TradingView
GOLD
Indices and commodities
Active
Current price
4698.08
USD
PNL
-0.05%
4698.08 USD
Stop Loss
1.27%
4640.59 USD
Take Profit
1.27%
4759.97 USD
Rationale
TradingView idea: XAUUSD Technical Analysis -Will Gold Break Higher or Drop Lower? for OANDA:XAUUSD by SibiSh
TradingView symbol: XAUUSD
Gold is currently trading inside a key compression zone after rejecting the 4725-4730 resistance area multiple times. Price is hovering around 4693 while respecting the 30M ascending trendline and holding above the important 4670-4680 demand zone. Gold still shows bullish recovery potential as long as buyers defend this support region.
A breakout above the descending trendline and sustained move above 4705-4725 can trigger strong bullish momentum toward 4760 and possibly 4780-4800.
However …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Long
- Status
- Active
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