The image is a trading chart from TradingView for CFDs on Gold (US$/OZ) with a 1-hour timeframe. The chart includes the following key elements:
Current Price: 3,108.350
Change: -29.888 (-0.95%)
Key Levels:
Resistance Zone: Around 3,165.132
Support Zone: Around 3,058.026
Technical Patterns:
A cup and handle formation appears to be developing.
A bounce off support is visible, with a potential upward move.
Predicted Movement:
The blue lines suggest a consolidation before a possible breakout to the upside.
The green area represents a possible buy zone, while the red area marks a stop-loss region.
The black arrow highlights a minor retracement before a potential uptrend.
The chart suggests a bullish outlook, anticipating price movement towards the 3,165.132 resistance level after consolidation.
Current Price: 3,108.350
Change: -29.888 (-0.95%)
Key Levels:
Resistance Zone: Around 3,165.132
Support Zone: Around 3,058.026
Technical Patterns:
A cup and handle formation appears to be developing.
A bounce off support is visible, with a potential upward move.
Predicted Movement:
The blue lines suggest a consolidation before a possible breakout to the upside.
The green area represents a possible buy zone, while the red area marks a stop-loss region.
The black arrow highlights a minor retracement before a potential uptrend.
The chart suggests a bullish outlook, anticipating price movement towards the 3,165.132 resistance level after consolidation.
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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
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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.