This chart represents a gold (XAU/USD) price analysis on the 1-hour timeframe using CFDs (Contracts for Difference). The analysis suggests a potential bullish move from a support zone.
Key elements in the chart:
1. S Buy Zone (Support Area):
The pink-shaded area around 2,840 - 2,856 is identified as a buy zone, meaning it’s an area where buyers are expected to step in.
2. Price Action & Bullish Outlook:
The price has reached the buy zone and is showing signs of reversal.
The blue arrows suggest a potential bullish movement, with price expected to rise after a bounce from the buy zone.
3. Target Resistance:
The blue line at 2,918.396 is a possible target level, indicating where the price might move in the coming sessions.
Conclusion:
This is a bullish setup, predicting that gold will rebound from the buy zone and move toward the 2,918 resistance level. It suggests a buy opportunity for traders looking for an upside move.
Key elements in the chart:
1. S Buy Zone (Support Area):
The pink-shaded area around 2,840 - 2,856 is identified as a buy zone, meaning it’s an area where buyers are expected to step in.
2. Price Action & Bullish Outlook:
The price has reached the buy zone and is showing signs of reversal.
The blue arrows suggest a potential bullish movement, with price expected to rise after a bounce from the buy zone.
3. Target Resistance:
The blue line at 2,918.396 is a possible target level, indicating where the price might move in the coming sessions.
Conclusion:
This is a bullish setup, predicting that gold will rebound from the buy zone and move toward the 2,918 resistance level. It suggests a buy opportunity for traders looking for an upside move.
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✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.