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Indices and commodities #GOLD Short Active

GOLD MAY CONTINUE LOWER TOWARD THE 4,36X DEMAND ZONE for OANDA:XAUUSD by Emma_Diamond

Author: Emma_Diamond | TradingView Idea Published: 2026-05-23
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
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