1. Current Price:
Gold is currently trading at $3,363.22, up +0.62% on the day.
2. Support & Resistance Zone:
A purple horizontal box highlights a support/resistance zone just below the current price level (~$3,350 - $3,363).
This area acted as resistance before but could now be flipping into support, suggesting a potential bullish setup.
3. Immediate Resistance:
Marked at $3,371.134.
The price is approaching this resistance level; a break and hold above could signal further bullish momentum.
4. CPI Confirmation Target:
Highlighted with a large blue arrow pointing toward $3,426.463.
This is a projected bullish target, which could be hit if CPI data supports inflation easing or dovish Fed expectations.
5. Candlestick Pattern:
A recent series of green candles shows buying strength.
Bullish momentum appears to be building toward the next resistance level.
---
Interpretation:
Bullish Scenario:
If gold breaks above $3,371, the next target could be $3,426, as noted in the chart.
CPI data acting as a catalyst is crucial for this breakout.
Bearish Scenario:
If gold fails to hold above the purple support zone, it could drop back below $3,350, with potential downside risk.
Gold is currently trading at $3,363.22, up +0.62% on the day.
2. Support & Resistance Zone:
A purple horizontal box highlights a support/resistance zone just below the current price level (~$3,350 - $3,363).
This area acted as resistance before but could now be flipping into support, suggesting a potential bullish setup.
3. Immediate Resistance:
Marked at $3,371.134.
The price is approaching this resistance level; a break and hold above could signal further bullish momentum.
4. CPI Confirmation Target:
Highlighted with a large blue arrow pointing toward $3,426.463.
This is a projected bullish target, which could be hit if CPI data supports inflation easing or dovish Fed expectations.
5. Candlestick Pattern:
A recent series of green candles shows buying strength.
Bullish momentum appears to be building toward the next resistance level.
---
Interpretation:
Bullish Scenario:
If gold breaks above $3,371, the next target could be $3,426, as noted in the chart.
CPI data acting as a catalyst is crucial for this breakout.
Bearish Scenario:
If gold fails to hold above the purple support zone, it could drop back below $3,350, with potential downside risk.
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.