This is a technical analysis chart from TradingView for Gold (CFDs on Gold, US$ per ounce) on a 1-hour timeframe. The chart includes support and resistance levels, price action, and an expected movement prediction.
Here’s what it means:
1. Current Price: The gold price is at 2,939.98, showing a decline of -12.94 (-0.44%).
2. Support and Resistance:
Resistance Levels (Red Lines): Key resistance levels are marked around 2,948.125 and 2,956.150. These are price points where selling pressure has been strong in the past.
Support Levels (Blue Lines and Pink Zones): The support zone is around 2,921.055, where buying interest has been observed.
3. Prediction (Blue Arrow): The chart suggests a potential upward movement
Here’s what it means:
1. Current Price: The gold price is at 2,939.98, showing a decline of -12.94 (-0.44%).
2. Support and Resistance:
Resistance Levels (Red Lines): Key resistance levels are marked around 2,948.125 and 2,956.150. These are price points where selling pressure has been strong in the past.
Support Levels (Blue Lines and Pink Zones): The support zone is around 2,921.055, where buying interest has been observed.
3. Prediction (Blue Arrow): The chart suggests a potential upward movement
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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.
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.