This chart shows a technical analysis of Gold (XAU/USD) on the 1-hour timeframe. Here’s what it indicates:
1. Uptrend Channel – The price has been following a strong bullish trend, respecting an upward-sloping channel.
2. Support & Resistance Levels – A key horizontal support zone around $3,024-$3,025 is marked, which could act as a potential bounce area.
3. Potential Scenarios – Two possible movements are drawn:
A bullish breakout continuation if the price sustains above the trendline.
A pullback correction towards the support zone before another possible rally.
4. Fibonacci/Concentric Circles – These suggest strong demand areas, indicating where price might react.
5. News Events – Marked with U.S. flags at the bottom, signaling fundamental factors that may impact gold's movement.
Overall, this chart suggests gold is bullish, but a pullback to the support zone is possible before further upside.
1. Uptrend Channel – The price has been following a strong bullish trend, respecting an upward-sloping channel.
2. Support & Resistance Levels – A key horizontal support zone around $3,024-$3,025 is marked, which could act as a potential bounce area.
3. Potential Scenarios – Two possible movements are drawn:
A bullish breakout continuation if the price sustains above the trendline.
A pullback correction towards the support zone before another possible rally.
4. Fibonacci/Concentric Circles – These suggest strong demand areas, indicating where price might react.
5. News Events – Marked with U.S. flags at the bottom, signaling fundamental factors that may impact gold's movement.
Overall, this chart suggests gold is bullish, but a pullback to the support zone is possible before further upside.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.