Gold’s Next Trend After OANDA’s Huge Gap: XAUUSD By AstronautPioneer — TradingView

The main trend is still down (downtrend line from left to right).
Prices are currently correcting in a downtrend → tend to sell on rebounds (sell on rebound).

2. Trend Line

The short-term uptrend line (bottom) is under pressure.
If it is broken → it confirms the continuation of the downtrend.

3. Resistance Zone

4,770 – 4,772 → Strong resistance (confluence of supply zone + downtrend line)
4,740 – 4,750 → Moderate Resistance (Turnover Zone)
👉 Prioritize: Look for selling opportunities in these areas.

4. Support areas

4,700 – 4,710 → Support nearby (possible liquidity pullback), but still suitable for scalping trades
4,660 – 4,670 → Strong support (liquidity zone) consistent with the opening breakout
👉 If it breaks 4,700 → it is likely to fall to 4.66x.

Trading plan:

Buy gold: 4668 – 4666
Stop loss: 4656
Take profit: 200 – 400 – 700 points

Sell ​​gold: 4770 – 4772
Stop loss: 4782
Take profit: 200 – 400 – 700 points