My analysis
This chart presents a professional technical analysis of Gold CFDs (1-hour timeframe) with a potential bearish outlook:
1. Stop Loss: Positioned at 2,680.417, above the current price, to limit risk.
2. Target: A bearish target at 2,631.709, indicating potential downside if the price breaks below the channel.
3. Price Action: The price is within an ascending channel. A breakdown may lead to a bearish move toward the target.
1. Stop Loss: Positioned at 2,680.417, above the current price, to limit risk.
2. Target: A bearish target at 2,631.709, indicating potential downside if the price breaks below the channel.
3. Price Action: The price is within an ascending channel. A breakdown may lead to a bearish move toward the target.
"Join our Telegram channel to receive free, high-quality trading signals. Stay ahead in the market with our expert insights!"
t.me/LunaTrader_1
t.me/LunaTrader_1
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.