The chart is a daily candlestick chart for CFDs on Gold (US$/OZ)

Key Observations:

✅ Current Price:

Gold is trading at $3,338.970, up $14.753 (+0.44%).


📈 Target Area:

A blue line is drawn at $3,382.443, indicating a target resistance area — likely where the trader expects the price to move.


📉 Recent Price Action:

The chart shows a series of red and green candles, indicating fluctuations with a recent bullish candle (green).


🔵 Annotated Points:

1. "Bullish pump candle" (end of June):

A strong bullish (green) candle pushing price upward.



2. "Turn to bullish candle" (early-mid July):

After a decline, the trend seems to shift back to bullish again.




📊 Technical Insight:

Higher lows are forming, indicating potential bullish momentum.

Price is moving upward again toward the target resistance area.

Previous attempts to break that $3,382 area have failed (note the wicks above the line), suggesting it's a strong resistance.



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📌 Conclusion / Possible Strategy:

Bullish Bias: The chart implies a bullish trend is forming or resuming.

Target: $3,382.443 is the short-term target.

Confirmation Needed: A strong bullish candle closing above that resistance would confirm a breakout.

Risk Zone: If price reverses before hitting $3,382 or forms a bearish engulfing candle, a pullback may occur.