Key Observations: Support Zone (Red Rectangle): There is a strong support zone around $2,894 - $2,895. Price previously bounced off this level, making it a key demand zone. Resistance & Breakout (Blue Trendline): The price was in a descending channel (marked by blue trendlines). It appears to have broken above this trendline, signaling a potential bullish...
This chart represents the Gold Spot (XAU/USD) on a 1-hour timeframe market 2903 to 2920 target Analysis: Trend Overview: The price recently formed a strong uptrend, reaching a peak before pulling back. A bearish flag pattern is identified, which typically signals a potential continuation to the downside. However, the current retracement structure suggests a...
This is a 1-hour chart of CFDs on Gold (XAU/USD) 1. Consolidation Zone (Highlighted in Yellow) The price was consolidating in a range before breaking out upwards. This period represents market indecision before a breakout. 2. Breakout & Bearish Flag Formation The price broke out of the consolidation zone and moved higher. A bearish flag pattern (drawn in...
This chart is a technical analysis of Gold (XAU/USD) 1. Support & Resistance Levels: Resistance: Around 2,908.210, marked in blue as a potential bullish target. Support Levels: 2,851.293 (minor support) 2,830.189 (stronger support) 2,806.846 (major support) 2. Key Technical Elements: Ascending Trendline: The price has been following an upward trend, but...
Current Market Condition: The price is at $2,869.050, showing a +0.46% increase. The chart shows a strong upward movement, forming a rising wedge pattern (marked in blue). There was a previous sharp rally, followed by a correction, and then another upward push. Technical Analysis: 1. Rising Wedge Pattern (Bearish Signal) The price is moving within an...
This is a Bitcoin (BTC/USDT) 1-hour chart Key Observations: 1. Descending Trendline (Resistance) A blue downward-sloping trendline indicates a bearish trend. BTC has failed to break above it multiple times, suggesting strong resistance. 2. Support Level A horizontal blue line marks a key support zone. BTC has tested this level multiple times. 3. Bearish...
Observations: 1. Downward Channel (Blue & Red Box) The price has been moving inside a descending channel, indicating a short-term downtrend. The lower boundary of the channel appears to act as support, while the upper boundary acts as resistance. 2. Breakout Possibility The price is currently near the lower boundary of the channel, which might act as...
This is a 1-hour chart of Gold (CFDs on Gold in USD per ounce) Chart Observations: 1. Uptrend Channel (Blue Lines): The price has been moving within a rising channel, indicating strong bullish momentum. The price reached the upper boundary of the channel, which often acts as resistance. 2. Potential Reversal (Red Arrow): A red arrow suggests a possible...
This is a Bitcoin (BTC/USDT) Market Structure & Key Levels Resistance: Around 102,000 USDT (Upper Blue Line) Support: Around 98,000 USDT (Lower Blue Line) Current Price: 100,484.97 USDT Pattern & Expected Move The price has failed to break above resistance and is showing signs of rejection. A lower high formation is developing, suggesting a potential...
This is a technical analysis chart of Gold (XAU/USD) Key Observations: 1. Resistance Zone: A resistance area is marked in the upper part of the chart, where the price struggles to break through. The price reached this zone and faced rejection, indicating selling pressure. 2. ABC Correction Pattern: The chart displays an ABC corrective structure: (A)...
Gold technical analysis H1 Time Frame Next Move Possible. This is not financial advise trade and manage your own risk.
1-hour price chart of Gold (CFDs on Gold, US$/OZ) : Key Observations: 1. Ascending Channel: The price is moving within an upward-sloping channel, suggesting an uptrend. The upper and lower trendlines are acting as resistance and support, respectively. 2. Breakout Scenario: The chart has annotations showing a possible scenario where the price may break...
Gold forecast and technical analysis H1 time frame next move possible. Not financial advise
Key Observations: Price Level: The current price is around $2,805.507, showing a gain of +11.950 (+0.43%). Pattern Identified: A bullish flag or wedge pattern seems to be forming, indicated by the blue trend lines. This suggests a potential breakout to the upside, as illustrated by the blue arrow. Support & Resistance Levels: Support: Around $2,800, as...
Key Observations: 1. Resistance at 105,200 - 105,400: The price has reached a resistance zone near 105,200 - 105,400 (marked by a red arrow). Previous price action suggests rejection at similar levels. 2. Potential Bearish Move: A blue arrow indicates a possible pullback. The price could form a lower high and drop toward support. 3. Support...
1. Trend & Price Action: Bitcoin is still moving within an ascending channel (blue zone). The price recently declined sharply from around 105,000 USDT and is now testing the lower boundary of the channel. The midline (red dashed line) previously acted as support but is now behaving as resistance. 2. Key Support & Resistance Levels: Support: 101,000 USDT...
1. Uptrend Channel Formation: The price has been moving upwards within a parallel ascending channel (blue zone). The midline (red dashed line) acts as a dynamic support/resistance level. 2. Current Price Action: The price recently touched the upper boundary of the channel and faced resistance at around $2,798. A rejection occurred, as indicated by the red...
This is a Bitcoin (BTC/USD) 1-hour chart Key Observations: 1. Uptrend Channel (Green Lines - Past Trend) Bitcoin was in an upward channel for several days, moving within parallel trendlines. The price was making higher highs and higher lows, indicating a bullish trend. 2. Breakdown of the Uptrend The price broke below the lower boundary of the green...