Gold CFDs (1-Hour): Consolidation Near Critical Support at 2,861

Key Observations:

1. Price Movement

- Current Price: **2,874.670 USD**, down **-0.06%** (minor bearish momentum).
- Recent High: **2,940.000** (resistance level).
- Recent Low: **2,861.819** (critical support).
- Immediate levels to watch: **2,900** (psychological/resistance) and **2,877.292** (minor support).

Actionable Insights:
- **Bearish Scenario**: A break below **2,861.819** could signal further downside.
- **Bullish Reversal**: A rally above **2,900** might target **2,920–2,940**.
- **Neutral Zone**: Consolidation between **2,861–2,900** likely without strong catalysts.

**Note**: Verify date labels for accuracy and cross-check with higher timeframes (e.g., daily) or volume data for confirmation.