This chart is a 1-hour candlestick chart of Gold (CFDs on Gold in USD/OZ), published on April 8, 2025. Here's a breakdown of what it shows:
1. Current Price: Gold is trading at $3,007.996, up +27.200 (+0.91%).
2. Support/Resistance Zones:
Green Zone (~$3,070 - $3,085): Likely a former support turned resistance area.
Red Zone (~$3,140 - $3,165): A higher resistance zone where price reversed earlier.
3. Blue Arrow and Zigzag Pattern:
This is a forecasted move suggesting price might consolidate or pull back slightly, then rise toward the $3,070-$3,085 resistance zone.
4. Market Sentiment: Based on the drawing, the sentiment appears bullish in the short term, expecting a potential move up toward that resistance zone.
Would you like help interpreting potential trade setups or support/resistance levels more deeply?
1. Current Price: Gold is trading at $3,007.996, up +27.200 (+0.91%).
2. Support/Resistance Zones:
Green Zone (~$3,070 - $3,085): Likely a former support turned resistance area.
Red Zone (~$3,140 - $3,165): A higher resistance zone where price reversed earlier.
3. Blue Arrow and Zigzag Pattern:
This is a forecasted move suggesting price might consolidate or pull back slightly, then rise toward the $3,070-$3,085 resistance zone.
4. Market Sentiment: Based on the drawing, the sentiment appears bullish in the short term, expecting a potential move up toward that resistance zone.
Would you like help interpreting potential trade setups or support/resistance levels more deeply?
Trade closed: target reached
GOLD Target successfully reached. 
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Disclaimer
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XAUUSD GOLD + BTCUSD Daily 6-7 Free Signals📊🚀
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
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💫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.