The image is a TradingView chart for CFDs on Gold (US$ / OZ) on a 1-hour timeframe. The current price is 3,022.545, reflecting a -2.95% drop.
Key Observations:
1. Support & Resistance Zones:
A green zone (support) around the 3,080 level.
A red zone (resistance) around 3,160.
2. Price Action:
A sharp downward movement.
A potential reversal prediction is illustrated with a blue zigzag arrow, indicating a possible bullish recovery.
3. Technical Indicators:
The chart suggests a bounce from the recent low (marked with a purple lightning icon).
The forecast indicates a gradual move back up to the resistance areas.
Would you like help interpreting this further or analyzing potential trading strategies?
Key Observations:
1. Support & Resistance Zones:
A green zone (support) around the 3,080 level.
A red zone (resistance) around 3,160.
2. Price Action:
A sharp downward movement.
A potential reversal prediction is illustrated with a blue zigzag arrow, indicating a possible bullish recovery.
3. Technical Indicators:
The chart suggests a bounce from the recent low (marked with a purple lightning icon).
The forecast indicates a gradual move back up to the resistance areas.
Would you like help interpreting this further or analyzing potential trading strategies?
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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.
XAUUSD GOLD + BTCUSD Daily 6-7 Free Signals📊🚀
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/Gold_Derive_Killer01
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/Gold_Derive_Killer01
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.