Indices and commodities
#GOLD
Long
Active
XAUUSD BUILDING SHORT-TERM BULLISH STRUCTURE TOWARD 4,600 for OANDA:XAUUSD by Emma_Diamond
TradingView
GOLD
Indices and commodities
Active
Current price
4506.34
USD
PNL
-0.61%
4506.34 USD
Stop Loss
1.46%
4467.80 USD
Take Profit
1.46%
4600.20 USD
Rationale
TradingView idea: XAUUSD BUILDING SHORT-TERM BULLISH STRUCTURE TOWARD 4,600 for OANDA:XAUUSD by Emma_Diamond
TradingView symbol: XAUUSD
Price is forming a short-term bullish structure after the strong rebound from the lower demand zone.
The current consolidation inside the triangle pattern suggests buyers are still attempting to push price higher toward the upper resistance areas.
The primary scenario remains bullish while price continues holding above the ascending support trendline.
A breakout above the current compression could open the way for gold to extend higher toward the 4,560 and 4,600 resistance zones.
The …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Long
- Status
- Active
The information published on this website and in the Invest Ideas bot is provided for informational purposes only and does not constitute individual investment advice, an offer, or a solicitation to buy or sell any financial instrument. Users make all financial and investment decisions at their own discretion and under their own responsibility. The administration and owners of the website and bot are not responsible for user-generated materials or for any losses arising from the use of the published information.