gold technical analysis.

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This is a gold (XAU/USD) price chart on the 1-hour timeframe from TradingView. The chart shows a clear ascending trendline that has been acting as support for the price. The blue projection line suggests a potential bounce off the trendline, leading to an upward movement.

Key observations:

The price is around $2,910 at the time of the screenshot.

A trendline is drawn, connecting higher lows, indicating an uptrend.

The projected movement suggests a short-term dip to test the trendline before a bullish breakout towards $2,925-$2,930.

The overall sentiment appears bullish as long as the trendline holds.


Would you like further analysis or possible trade setups?

Penafian

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