Indices and commodities
#GOLD
Short
Active
GOLD — Corrective Bounce. Here's What I'm Watching for OANDA:XAUUSD by ChrisMarkets
TradingView
GOLD
Indices and commodities
Active
Current price
3956.88
USD
PNL
+3.23%
3956.88 USD
Stop Loss
2.72%
4200.09 USD
Take Profit
3.4%
3949.85 USD
Rationale
TradingView idea: GOLD — Corrective Bounce. Here's What I'm Watching for OANDA:XAUUSD by ChrisMarkets
TradingView symbol: XAUUSD
Gold hit $3,960 this week — the lowest level in 2026.
The $4,000 FOMC target mapped in June was reached and broken. The move played out exactly as structured.
Now gold is bouncing. This is corrective, not a reversal.
Resistance zone: $4,090 – $4,121
This is where sellers are expected to return.
A rejection here continues the path toward $3,950 and below.
Invalidation: daily close above $4,200.
The trend is bearish. Until structure changes, bounces are selling opportunities — not …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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