Current Price
As of the chart's timestamp gold is trading at 3310
Support Zone
A strong demand zone is highlighted in red around the 3290 level indicating prior price reactions and potential for bullish reversals if tested again
Bullish Projection Path
The yellow zigzag line represents the anticipated price movement, forecasting a series of higher highs and higher lows a classic bullish structure
Target and Resistance Levels
Three significant green horizontal lines mark price targets
Level 1: 3320 Initial resistance
Level 2: 3335 Intermediate resistance
Target Zone 3348 Main target level labeled with a blue marker 3348
Trading Implication
The chart suggests a potential long buy opportunity, with a bullish breakout expected upon sustaining momentum above the key support level and progressing through each resistance level towards the ultimate target
As of the chart's timestamp gold is trading at 3310
Support Zone
A strong demand zone is highlighted in red around the 3290 level indicating prior price reactions and potential for bullish reversals if tested again
Bullish Projection Path
The yellow zigzag line represents the anticipated price movement, forecasting a series of higher highs and higher lows a classic bullish structure
Target and Resistance Levels
Three significant green horizontal lines mark price targets
Level 1: 3320 Initial resistance
Level 2: 3335 Intermediate resistance
Target Zone 3348 Main target level labeled with a blue marker 3348
Trading Implication
The chart suggests a potential long buy opportunity, with a bullish breakout expected upon sustaining momentum above the key support level and progressing through each resistance level towards the ultimate target
Trade active
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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.
Join Free Forex Signals
t.me/+Lw2yzKfOoWw0YmI0
t.me/+Lw2yzKfOoWw0YmI0
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.