GOLD technical analysis.

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The image is a trading chart from TradingView for CFDs on Gold (US$/OZ) with a 1-hour timeframe. The chart includes the following key elements:

Current Price: 3,108.350

Change: -29.888 (-0.95%)

Key Levels:

Resistance Zone: Around 3,165.132

Support Zone: Around 3,058.026


Technical Patterns:

A cup and handle formation appears to be developing.

A bounce off support is visible, with a potential upward move.


Predicted Movement:

The blue lines suggest a consolidation before a possible breakout to the upside.

The green area represents a possible buy zone, while the red area marks a stop-loss region.

The black arrow highlights a minor retracement before a potential uptrend.



The chart suggests a bullish outlook, anticipating price movement towards the 3,165.132 resistance level after consolidation.

Declinazione di responsabilità

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