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The 1-hour chart shows a clear uptrend with gold trading within an ascending channel. The price has recently tested the upper boundary of this channel and is now experiencing a minor pullback. A critical support level to watch is around $2,430, marked by the lower trendline of the ascending channel and previous price action.
Key Observations:
Support: $2,430
Resistance: $2,472
Potential Scenarios:
Bullish Continuation: A bounce off the lower trendline could see the price retest the $2,472 resistance level.
Bearish Correction: A break below the $2,430 support could lead to further downside, potentially targeting the next support level around $2,400.
The 1-hour chart shows a clear uptrend with gold trading within an ascending channel. The price has recently tested the upper boundary of this channel and is now experiencing a minor pullback. A critical support level to watch is around $2,430, marked by the lower trendline of the ascending channel and previous price action.
Key Observations:
Support: $2,430
Resistance: $2,472
Potential Scenarios:
Bullish Continuation: A bounce off the lower trendline could see the price retest the $2,472 resistance level.
Bearish Correction: A break below the $2,430 support could lead to further downside, potentially targeting the next support level around $2,400.
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.