GOLD - Long
The chart analysis for Gold (CFDs on Gold, US/Oz) shows a breakout pattern indicating a strong upward movement. Key observations include:
Long-term Ascending Triangle: The chart depicts a long-term ascending triangle, a bullish continuation pattern, indicating a potential further rise.
Breakout and Target: A breakout from the triangle suggests a target price of approximately $3,142.47, which represents a move of about 45.60% from the recent level of $2,648.66.
Support Levels: Historical support levels are clearly visible, with $720.67 and $250.23 as key areas where price consolidated in past decades.
This suggests that gold is in a strong upward trend with bullish sentiment, especially following the breakout from the long-term triangle. The price target and volume indicate possible further gains.
For deeper analysis, one could evaluate macroeconomic factors, such as inflation, central bank policies, and demand for safe-haven assets like gold.
Long-term Ascending Triangle: The chart depicts a long-term ascending triangle, a bullish continuation pattern, indicating a potential further rise.
Breakout and Target: A breakout from the triangle suggests a target price of approximately $3,142.47, which represents a move of about 45.60% from the recent level of $2,648.66.
Support Levels: Historical support levels are clearly visible, with $720.67 and $250.23 as key areas where price consolidated in past decades.
This suggests that gold is in a strong upward trend with bullish sentiment, especially following the breakout from the long-term triangle. The price target and volume indicate possible further gains.
For deeper analysis, one could evaluate macroeconomic factors, such as inflation, central bank policies, and demand for safe-haven assets like gold.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.