This is a TradingView chart for Gold CFDs (US$ per ounce) on the 1-hour timeframe. The chart shows price action, support and resistance levels, trend channels, and a potential future price movement prediction.
Key Observations:
1. Current Price: 3,049.524 (+1.01% increase).
2. Support & Resistance:
Resistance zones marked in purple around 3,040.
A key support level around 3,025 (blue horizontal line).
Another support zone around 3,010.
3. Trend Channels:
Green ascending channels indicate recent bullish momentum.
4. Potential Future Price Movement (Blue Arrows):
The price is expected to pull back from the resistance.
It may retest the 3,040 resistance-turned-support.
A further drop to the 3,025 support is possible.
This suggests that traders might be watching for a rejection at resistance and a potential short trade toward lower support levels. Would you like a more detailed analysis on this?
Key Observations:
1. Current Price: 3,049.524 (+1.01% increase).
2. Support & Resistance:
Resistance zones marked in purple around 3,040.
A key support level around 3,025 (blue horizontal line).
Another support zone around 3,010.
3. Trend Channels:
Green ascending channels indicate recent bullish momentum.
4. Potential Future Price Movement (Blue Arrows):
The price is expected to pull back from the resistance.
It may retest the 3,040 resistance-turned-support.
A further drop to the 3,025 support is possible.
This suggests that traders might be watching for a rejection at resistance and a potential short trade toward lower support levels. Would you like a more detailed analysis on this?
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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.