This chart illustrates a recent price action for Gold CFDs. The chart shows a clear support zone around the 3,345 level (marked by the blue horizontal line), which has held multiple times in the past, confirming it as a strong support.
A sharp bearish move (highlighted by the downward arrow) occurred after price peaked near 3,400, which coincides with a potential resistance zone (purple shaded area at the top). The price then sharply dropped to retest the support level and showed a strong bullish rejection (highlighted by the lower orange circle), forming a potential double bottom pattern — a classic reversal signal.
The volume spike at the support area suggests increased buying interest, possibly indicating institutional accumulation. The projected move is marked by an upward arrow, anticipating a bullish breakout toward the resistance level near 3,385.170.
This setup suggests a potential long opportunity with the target at the upper resistance zone, contingent on price holding above the 3,345 support.
A sharp bearish move (highlighted by the downward arrow) occurred after price peaked near 3,400, which coincides with a potential resistance zone (purple shaded area at the top). The price then sharply dropped to retest the support level and showed a strong bullish rejection (highlighted by the lower orange circle), forming a potential double bottom pattern — a classic reversal signal.
The volume spike at the support area suggests increased buying interest, possibly indicating institutional accumulation. The projected move is marked by an upward arrow, anticipating a bullish breakout toward the resistance level near 3,385.170.
This setup suggests a potential long opportunity with the target at the upper resistance zone, contingent on price holding above the 3,345 support.
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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.