Indices and commodities
Active
GOLD
Long
Gold Rebound Toward $4,138
Rationale
TradingView idea: XAUUSD Support Bounce Eyes Resistance Retest for OANDA:XAUUSD by Alexfxclub
TradingView symbol: XAUUSD
XAUUSD on the 1-hour timeframe is attempting a recovery after finding strong buying interest around the highlighted support area near 4040–4045. Price reacted sharply from this demand zone, suggesting buyers are defending the level and preventing further downside.
The Ichimoku Cloud indicates that price is still trading below the cloud, meaning the broader short-term trend remains cautious. However, if bullish momentum continues, a move toward the resistance zone around 4138–4150 becomes the …
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