Indices and commodities
#GOLD
Short
Active
GOLD MAY CONTINUE LOWER TOWARD THE 4,36X DEMAND ZONE for OANDA:XAUUSD by Emma_Diamond
TradingView
GOLD
Indices and commodities
Active
Current price
4506.34
USD
PNL
+0.06%
4506.34 USD
Stop Loss
10.49%
4981.92 USD
Take Profit
10.49%
4035.94 USD
Rationale
TradingView idea: GOLD MAY CONTINUE LOWER TOWARD THE 4,36X DEMAND ZONE for OANDA:XAUUSD by Emma_Diamond
TradingView symbol: XAUUSD
Price remains inside a broader bearish structure while continuing to respect the descending resistance channel.
The current consolidation above short-term support appears corrective, with momentum still favoring downside continuation unless buyers reclaim the upper boundary.
The primary scenario remains bearish, with expectations for gold to continue expanding lower toward the major demand zone around 4,36x.
As long as price trades below the descending resistance structure, rallies are still …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- 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.