Indices and commodities
#GOLD
Short
Active
XAUUSD: Channel Down looking for a new low. for FX_IDC:XAUUSD by InvestingScope
TradingView
GOLD
Indices and commodities
Active
Current price
4506.34
USD
PNL
-0.01%
4506.34 USD
Stop Loss
2.35%
4611.84 USD
Take Profit
2.35%
4400.06 USD
Rationale
TradingView idea: XAUUSD: Channel Down looking for a new low. for FX_IDC:XAUUSD by InvestingScope
TradingView symbol: XAUUSD
Gold has turned bearish on its 1D technical outlook (RSI = 40.494, MACD = -38.770, ADX = 29.176) as it got rejected on its 4H MA50. The pattern is a 6 week Channel Down, already on its 2nd bearish wave. Aim for a -7.91% decline as the one prior (TP = 4,400).
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Key details
- Ticker
- GOLD
- Asset class
- Indices and commodities
- Direction
- Short
- Status
- Active
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