This chart is a technical analysis of Gold (CFDs on Gold, US$/OZ) on a 1-hour timeframe from TradingView. Here’s what it represents:
1. Support and Resistance Levels:
Red Lines: Represent resistance levels, where the price has struggled to move higher.
Blue Lines: Represent support levels, where the price has previously bounced back up.
2. Current Market Status:
The price of gold is at $2,907.405, showing a decline of -1.53%.
The nearest resistance level is around $2,956.150, while a key support level is near $2,880.000 (highlighted in the red shaded zone).
3. Technical Indicators:
A bearish signal (red arrow) shows selling pressure at the recent resistance.
A bullish bounce zone is indicated in the pink shaded area, suggesting a possible reversal or buying opportunity.
A blue arrow suggests a possible upward move from the support zone.
Interpretation:
If price holds the support zone near $2,880 - $2,900, a rebound towards $2,921 - $2,956 is possible.
If price breaks below this support, further downside movement could occur.
1. Support and Resistance Levels:
Red Lines: Represent resistance levels, where the price has struggled to move higher.
Blue Lines: Represent support levels, where the price has previously bounced back up.
2. Current Market Status:
The price of gold is at $2,907.405, showing a decline of -1.53%.
The nearest resistance level is around $2,956.150, while a key support level is near $2,880.000 (highlighted in the red shaded zone).
3. Technical Indicators:
A bearish signal (red arrow) shows selling pressure at the recent resistance.
A bullish bounce zone is indicated in the pink shaded area, suggesting a possible reversal or buying opportunity.
A blue arrow suggests a possible upward move from the support zone.
Interpretation:
If price holds the support zone near $2,880 - $2,900, a rebound towards $2,921 - $2,956 is possible.
If price breaks below this support, further downside movement could occur.
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.
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.