This is a TradingView chart for Gold CFDs (US$ per ounce) on the 1-hour timeframe. The chart shows price action, support and resistance levels, trend channels, and a potential future price movement prediction.
Key Observations:
1. Current Price: 3,049.524 (+1.01% increase).
2. Support & Resistance:
Resistance zones marked in purple around 3,040.
A key support level around 3,025 (blue horizontal line).
Another support zone around 3,010.
3. Trend Channels:
Green ascending channels indicate recent bullish momentum.
4. Potential Future Price Movement (Blue Arrows):
The price is expected to pull back from the resistance.
It may retest the 3,040 resistance-turned-support.
A further drop to the 3,025 support is possible.
This suggests that traders might be watching for a rejection at resistance and a potential short trade toward lower support levels. Would you like a more detailed analysis on this?
Key Observations:
1. Current Price: 3,049.524 (+1.01% increase).
2. Support & Resistance:
Resistance zones marked in purple around 3,040.
A key support level around 3,025 (blue horizontal line).
Another support zone around 3,010.
3. Trend Channels:
Green ascending channels indicate recent bullish momentum.
4. Potential Future Price Movement (Blue Arrows):
The price is expected to pull back from the resistance.
It may retest the 3,040 resistance-turned-support.
A further drop to the 3,025 support is possible.
This suggests that traders might be watching for a rejection at resistance and a potential short trade toward lower support levels. Would you like a more detailed analysis on this?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.