Indices and commodities
#GOLD
Long
Active
Gold Holding the Rising Channel: Buy Setup Forming for OANDA:XAUUSD by MaryamAtashi
TradingView
GOLD
Indices and commodities
Active
Current price
4506.34
USD
PNL
-0.34%
4506.34 USD
Stop Loss
1.06%
4473.99 USD
Take Profit
1.06%
4569.85 USD
Rationale
TradingView idea: Gold Holding the Rising Channel: Buy Setup Forming for OANDA:XAUUSD by MaryamAtashi
TradingView symbol: XAUUSD
Gold has reached the lower boundary of the ascending channel and is currently reacting from this support area.
As long as the channel structure remains valid, we are looking for a buy position from this zone, expecting the bullish movement to continue.
We have two possible targets for this setup.
The first target is around the channel midline, which is also aligned with a resistance area around 4570
The second target is the upper boundary of the channel, where another important resistance …
Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Long
- Status
- Active
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