The chart you uploaded shows the price movement of gold (XAUUSD) against the US dollar on the 1-hour timeframe, as displayed on TradingView.
Key observations:
1. Uptrend Channel: The first green rectangle highlights a rising channel, indicating an upward trend in the gold price.
2. Consolidation Phase: The second green rectangle shows a period of sideways movement after the initial uptrend.
3. Breakdown and Recovery: The price broke below a key support level (around 3,333.554) and moved down to approximately 3,307.690, indicating a bearish move.
4. Projected Recovery: The chart shows a potential bullish recovery, aiming for a target of around 3,360.
The chart suggests that after the breakdown, the price is expected to recover towards the target level. The projection seems to indicate a rebound from the current low.
Would you like insights on trading strategies for this setup?
Key observations:
1. Uptrend Channel: The first green rectangle highlights a rising channel, indicating an upward trend in the gold price.
2. Consolidation Phase: The second green rectangle shows a period of sideways movement after the initial uptrend.
3. Breakdown and Recovery: The price broke below a key support level (around 3,333.554) and moved down to approximately 3,307.690, indicating a bearish move.
4. Projected Recovery: The chart shows a potential bullish recovery, aiming for a target of around 3,360.
The chart suggests that after the breakdown, the price is expected to recover towards the target level. The projection seems to indicate a rebound from the current low.
Would you like insights on trading strategies for this setup?
XAUUSD GOLD + BTCUSD Daily 5-6 Free Signals📊🚀
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✅USDJPY
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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.