Based on the provided daily timeframe chart for Gold (XAU/USD) from TradingView, published on June 15, 2025, here’s a technical analysis with the closing price at $3,434.55:
Price Action: The price is approaching a significant resistance zone around $3,434.55, near the upper trendline of an ascending channel. A breakout above could target $3,482.982, while a rejection may lead to a pullback toward $3,228.295.
Support and Resistance:
Support: Key support levels are at $3,228.295 and $3,137.318, aligning with prior lows and the lower channel trendline.
Resistance: Immediate resistance is at $3,434.55, with further levels at $3,482.982 and $3,496.962.
Trend Indicators: The upward-sloping moving averages (e.g., 700.007K, 128.697K) confirm a strong long-term bullish trend. The price is testing the upper boundary, suggesting potential overextension.
Trading Signals:
Long: Consider long positions if the price breaks and sustains above $3,434.55 with high volume.
Short: Short opportunities may arise if the price forms a bearish reversal pattern (e.g., double top) at $3,434.55.
RSI: The RSI around 60-70 (based on the chart) indicates nearing overbought conditions. A drop below 50 could signal a correction.
This analysis is based on the chart's visual data.
https://www.tradingview.com/chart/68iTGuqV/
Price Action: The price is approaching a significant resistance zone around $3,434.55, near the upper trendline of an ascending channel. A breakout above could target $3,482.982, while a rejection may lead to a pullback toward $3,228.295.
Support and Resistance:
Support: Key support levels are at $3,228.295 and $3,137.318, aligning with prior lows and the lower channel trendline.
Resistance: Immediate resistance is at $3,434.55, with further levels at $3,482.982 and $3,496.962.
Trend Indicators: The upward-sloping moving averages (e.g., 700.007K, 128.697K) confirm a strong long-term bullish trend. The price is testing the upper boundary, suggesting potential overextension.
Trading Signals:
Long: Consider long positions if the price breaks and sustains above $3,434.55 with high volume.
Short: Short opportunities may arise if the price forms a bearish reversal pattern (e.g., double top) at $3,434.55.
RSI: The RSI around 60-70 (based on the chart) indicates nearing overbought conditions. A drop below 50 could signal a correction.
This analysis is based on the chart's visual data.
https://www.tradingview.com/chart/68iTGuqV/
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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.