GOLD technical analysis. 1h time frame next move possible.

14 Apr

This chart shows the price action of Gold (CFDs on Gold, US$/OZ) on the 1-hour timeframe. It highlights a recent bullish channel marked by two parallel pink trend lines, showing a clear uptrend since April 6.

Currently, the price is around 3,211.450, with two possible scenarios indicated:

1. Bullish scenario: If the price maintains above the current consolidation, the target is around 3,250.


2. Bearish scenario: If it breaks below the marked consolidation zone, the suggested stop-loss is at 3,153.



The chart uses shaded areas to visualize the trend and possible price reactions, with clear horizontal support and resistance levels noted.

Are you planning to trade this setup, or would you like help analyzing the risk/reward or possible entry strategies?

16 Apr

Dagangan ditutup: sasaran tercapai

GOLD Target successfully reached. 490 PIPS HIT.