The image you uploaded is a technical analysis chart for XAU/USD (Gold) on the 1-hour timeframe, published on TradingView. Here’s a breakdown of the chart:
1. Trend and Pattern:
The chart shows a bullish trend with two ascending channels (marked in green) that recently broke to the downside.
The price reached a resistance zone (marked with a black rectangle) and reversed sharply.
2. Price Action:
The current price is approximately 3,370.94, showing a decrease of 1.91%.
After breaking the ascending channel, the price is showing bearish momentum.
3. Prediction/Target:
The chart suggests a potential continuation of the downward move, with a target around the 3,340 level (marked in blue).
A consolidation or small pullback is indicated before continuing downward.
4. Key Zones:
Resistance Zone: Around 3,400 - 3,440.
Support Zone/Target: Around 3,340.
The chart analysis indicates a bearish bias with the possibility of a price drop toward the target zone. Would you like insights on trading strategies based on this analysis?
1. Trend and Pattern:
The chart shows a bullish trend with two ascending channels (marked in green) that recently broke to the downside.
The price reached a resistance zone (marked with a black rectangle) and reversed sharply.
2. Price Action:
The current price is approximately 3,370.94, showing a decrease of 1.91%.
After breaking the ascending channel, the price is showing bearish momentum.
3. Prediction/Target:
The chart suggests a potential continuation of the downward move, with a target around the 3,340 level (marked in blue).
A consolidation or small pullback is indicated before continuing downward.
4. Key Zones:
Resistance Zone: Around 3,400 - 3,440.
Support Zone/Target: Around 3,340.
The chart analysis indicates a bearish bias with the possibility of a price drop toward the target zone. Would you like insights on trading strategies based on this analysis?
XAUUSD GOLD + BTCUSD Daily 5-6 Free Signals📊🚀
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/+QC9FeJZu3mthYTRk
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/+QC9FeJZu3mthYTRk
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.
XAUUSD GOLD + BTCUSD Daily 5-6 Free Signals📊🚀
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/+QC9FeJZu3mthYTRk
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/+QC9FeJZu3mthYTRk
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.