This chart is a 1-hour time frame analysis of CFDs on Gold (XAU/USD) published on TradingView. Here’s what it suggests:
1. Support and Resistance Levels:
Support: Around 2,909.143 (marked with a red line).
Resistance: Around 2,943.636 (marked with a red line).
2. Previous Price Action:
The price previously reached 2,943.145 before dropping.
A key level at 2,909.320 acted as a resistance before the breakout.
3. Breakout Confirmation:
The price recently broke above the 2,909.320 level.
The breakout is marked with a blue arrow, indicating a bullish move.
4. Prediction (Black Arrow):
The chart suggests a pullback to the 2,909.143 support before continuing upward toward 2,943.636 resistance.
Conclusion:
This is a bullish forecast, expecting gold prices to rise after a possible short-term retest of support. If 2,909.143 holds, it could provide a good buying opportunity toward 2,943.636.
1. Support and Resistance Levels:
Support: Around 2,909.143 (marked with a red line).
Resistance: Around 2,943.636 (marked with a red line).
2. Previous Price Action:
The price previously reached 2,943.145 before dropping.
A key level at 2,909.320 acted as a resistance before the breakout.
3. Breakout Confirmation:
The price recently broke above the 2,909.320 level.
The breakout is marked with a blue arrow, indicating a bullish move.
4. Prediction (Black Arrow):
The chart suggests a pullback to the 2,909.143 support before continuing upward toward 2,943.636 resistance.
Conclusion:
This is a bullish forecast, expecting gold prices to rise after a possible short-term retest of support. If 2,909.143 holds, it could provide a good buying opportunity toward 2,943.636.
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.