The image is a TradingView chart for CFDs on Gold (US$/OZ) on the 1-hour timeframe. Here’s a breakdown of the key elements:
Current Price: 3,114.025
Price Movement: A sharp upward trend followed by a drop.
Highlighted Zones:
Red Resistance Zone (~3,149.248): Indicates a potential selling area.
Red Support Zone (~3,089.871): Indicates a potential buying area.
Technical Analysis:
A Fibonacci retracement level (0.71) is marked.
A bearish pattern with a projected downward move is drawn.
The price is currently consolidating before a potential further decline.
Economic Events: U.S. flags indicate upcoming fundamental events that might impact price movements.
Would you like help interpreting this further or discussing possible trade setups?
Current Price: 3,114.025
Price Movement: A sharp upward trend followed by a drop.
Highlighted Zones:
Red Resistance Zone (~3,149.248): Indicates a potential selling area.
Red Support Zone (~3,089.871): Indicates a potential buying area.
Technical Analysis:
A Fibonacci retracement level (0.71) is marked.
A bearish pattern with a projected downward move is drawn.
The price is currently consolidating before a potential further decline.
Economic Events: U.S. flags indicate upcoming fundamental events that might impact price movements.
Would you like help interpreting this further or discussing possible trade setups?
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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.