GOLD VIEW 1H READ THE CHAPTIAN

Hello 👋 gold Traders


technical analysis of Gold (XAU/USD) on a 1-hour timeframe. Here’s a breakdown of the key elements:

1. Fair Value Gap (FVG Level): The purple zone represents an area of inefficiency where price may return to fill before continuing its trend.


2. Change of Character (CHOCH): Indicates a potential shift in market structure, suggesting bullish momentum.


3. Double Top (Red Arrows): Price was rejected twice at the same level, indicating possible resistance.


4. Moving Averages:

200 EMA (Blue Line at 2,901.507): Long-term trend indicator.

30 EMA (Red Line at 2,911.101): Short-term trend indicator.



5. Price Action Forecast:

Price is expected to retrace into the FVG level before continuing upwards toward the target point at 2,961.779.




This suggests a bullish outlook as long as price respects the FVG level as support. Would you like a more detailed breakdown



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