This chart shows the price action of Gold (in USD per ounce) on a 1-hour timeframe, and it's currently in a downtrend. Here's a quick breakdown:
Current Price: $2,973.145, showing a sharp drop of -2.09%.
Key Resistance Zones: Highlighted in red, around the $3,080 and $3,160 levels.
Support Level: Marked with an orange line at approximately $2,930.306.
Forecast/Prediction: The blue zigzag arrow with a lightning icon and downward arrow suggests the expectation of further decline toward the $2,930 support zone.
Economic Events: The calendar icons below the chart hint at upcoming U.S. economic data releases that could impact price action.
Would you like help analyzing potential trade setups from this chart or want to dive deeper into technical indicators?
Current Price: $2,973.145, showing a sharp drop of -2.09%.
Key Resistance Zones: Highlighted in red, around the $3,080 and $3,160 levels.
Support Level: Marked with an orange line at approximately $2,930.306.
Forecast/Prediction: The blue zigzag arrow with a lightning icon and downward arrow suggests the expectation of further decline toward the $2,930 support zone.
Economic Events: The calendar icons below the chart hint at upcoming U.S. economic data releases that could impact price action.
Would you like help analyzing potential trade setups from this chart or want to dive deeper into technical indicators?
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.
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.