The image displays a price chart for XAUUSD (Gold against the US Dollar) on a 1-hour timeframe.
Key observations:
Uptrend: The price has generally been in an upward trend from early April.
Recent Peak and Correction: There was a recent high around April 22nd, followed by a downward correction.
Support and Resistance Levels: Horizontal lines indicate potential support around 3,288.35 and resistance around 3,383.15. Another resistance level is visible higher up near 3,420. A lower support level is marked around 3,166.57, and a significant support zone is highlighted near 2,956.57Current Price Action: The price is currently fluctuating around the 3,309.20 level.
Key observations:
Uptrend: The price has generally been in an upward trend from early April.
Recent Peak and Correction: There was a recent high around April 22nd, followed by a downward correction.
Support and Resistance Levels: Horizontal lines indicate potential support around 3,288.35 and resistance around 3,383.15. Another resistance level is visible higher up near 3,420. A lower support level is marked around 3,166.57, and a significant support zone is highlighted near 2,956.57Current Price Action: The price is currently fluctuating around the 3,309.20 level.
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.
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.