CFDs on Gold (US$ / OZ)
Long
Updated

Gold all time High 2800 ?

The chart represents a daily candlestick analysis of the Gold CFDs (Contract for Difference) priced in US dollars per ounce (US/OZ). The price at the time of the chart is around $2,702.120, reflecting a slight decrease of 0.43%. Key elements of the analysis include:

1. Price Movement: The chart shows a rising trend, with the price reaching near an all-time high.


2. Support and Resistance: A gray horizontal resistance zone is marked, indicating a potential barrier where the price has struggled to break through historically.


3. Trend Line: A yellow dotted ascending trend line highlights a bullish trend with higher lows over time.


4. Projected Path: The white zigzag line indicates a potential future price movement, suggesting that the price might test the resistance zone and possibly break through to reach new highs.


5. Buy/Sell Indicators: Red and green arrows indicate potential sell and buy signals, respectively, with more recent green arrows suggesting bullish sentiment.


6. Volume & Events: Various icons on the chart denote significant events or trading volume spikes, contributing to the price movements.



Overall, the analysis suggests a bullish outlook with the price nearing a new all-time high, but a breakthrough of the resistance zone would be crucial to confirm the trend continuation.

Trade active
Note
Keep hold
Note
2729 complete
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Strong bullish
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Keep hold
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500 pips Running
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Keep hold
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Gold will go to 2800
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2758 done
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Keep hold
Note
Gold will spike
Note
2800 target

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