Indices and commodities
Active
GOLD
Short
Gold Breakdown Toward $4,150
Rationale
TradingView idea: Bearish H&S and Support Breakdown for OANDA:XAUUSD by ChrisLaw1
TradingView symbol: XAUUSD
The breakdown of the primary ascending support line shifts the technical bias heavily to the downside. The immediate objective for short sellers is a retest of the 4,291.029 level.
If buyers fail to hold this horizontal floor, it will open the door for a deeper correction toward the psychological 4,150 – 4,200 value area.
Key details
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