Indices and commodities
#GOLD
Long
Active
XAUUSD for OANDA:XAUUSD by Dhareja
TradingView
GOLD
Indices and commodities
Active
Current price
3956.88
USD
PNL
-2.10%
3956.88 USD
Stop Loss
13.82%
3483.05 USD
Take Profit
13.82%
4600.15 USD
Rationale
TradingView idea: XAUUSD for OANDA:XAUUSD by Dhareja
TradingView symbol: XAUUSD
Gold remains under heavy bearish pressure, trading inside a well-defined descending channel while respecting both the major and lower trendlines. Price has now reached a critical long-term support zone around $4,000–4,020, where buyers previously stepped in.
This support is a key decision point. If bulls defend this area, a relief rally toward the descending trendline around $4,600 could develop, representing roughly a 14% upside from current levels. However, any recovery is likely to face …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Long
- Status
- Active
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