GOLD technical analysis.

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The image is a TradingView chart for CFDs on Gold (US$ / OZ) on a 1-hour timeframe. The current price is 3,022.545, reflecting a -2.95% drop.

Key Observations:

1. Support & Resistance Zones:

A green zone (support) around the 3,080 level.

A red zone (resistance) around 3,160.



2. Price Action:

A sharp downward movement.

A potential reversal prediction is illustrated with a blue zigzag arrow, indicating a possible bullish recovery.



3. Technical Indicators:

The chart suggests a bounce from the recent low (marked with a purple lightning icon).

The forecast indicates a gradual move back up to the resistance areas.




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