Gold Price Analysis–Potential Pullback Toward 2960 Support Level
This 1-hour chart of Gold shows a recent breakout above a rising channel, followed by consolidation near $2984. The chart highlights a potential head-and-shoulders pattern forming, suggesting a short-term bearish move towards the target support area around $2960. A potential rebound is expected at that level, aligning with previous support and a possible continuation of the uptrend. Traders should watch for confirmation signals near the $2960 zone before considering long positions.
This gold chart shows that price moved up strongly, broke out of a rising channel, and is now starting to slow down. A rounded top is forming, suggesting a possible drop. The chart predicts price might fall toward the support level at $2960, then bounce back up from there.
In simple terms:
Price might go down first, then go back up from $2960.
Note:
This is not a trading signal, just my personal analysis based on current market trends.
This gold chart shows that price moved up strongly, broke out of a rising channel, and is now starting to slow down. A rounded top is forming, suggesting a possible drop. The chart predicts price might fall toward the support level at $2960, then bounce back up from there.
In simple terms:
Price might go down first, then go back up from $2960.
Note:
This is not a trading signal, just my personal analysis based on current market trends.
👉 lucky person will join this link 👇
t.me/+1iCkqnlXaHFjMjg0
🎯 DAILY FREE SIGNAL 🔥
🎯 FOREX GOLD SIGNAL🔥👇
🎯 BTCUSD AND CRYPTO SIGNALS
t.me/+1iCkqnlXaHFjMjg0
t.me/+1iCkqnlXaHFjMjg0
🎯 DAILY FREE SIGNAL 🔥
🎯 FOREX GOLD SIGNAL🔥👇
🎯 BTCUSD AND CRYPTO SIGNALS
t.me/+1iCkqnlXaHFjMjg0
Related publications
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.
👉 lucky person will join this link 👇
t.me/+1iCkqnlXaHFjMjg0
🎯 DAILY FREE SIGNAL 🔥
🎯 FOREX GOLD SIGNAL🔥👇
🎯 BTCUSD AND CRYPTO SIGNALS
t.me/+1iCkqnlXaHFjMjg0
t.me/+1iCkqnlXaHFjMjg0
🎯 DAILY FREE SIGNAL 🔥
🎯 FOREX GOLD SIGNAL🔥👇
🎯 BTCUSD AND CRYPTO SIGNALS
t.me/+1iCkqnlXaHFjMjg0
Related publications
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.