Gold Technical Analysis.

9 thg 5

The chart you uploaded shows the price movement of Gold (XAU/USD) on a 1-hour timeframe from TradingView. Here are some key observations:

1. Resistance and Support Zones:

The chart highlights two major resistance zones around 3,400 and 3,360, shown as shaded rectangles.

A support zone is marked near the 3,305 level.



2. Labeled Points (1 to 6):

These numbered points indicate significant price action events or turning points.

Point 1: A peak after an upward trend, indicating resistance.

Point 2: A pullback, showing resistance holding.

Point 3: Another attempt to break resistance, followed by a sharp drop.

Point 4 and 5: Lower highs, confirming a downtrend.

Point 6: A strong support test near 3,305, with a rebound.



3. Price Movement and Trend:

The chart suggests a downtrend after failing to sustain above the resistance zone.

The drawn arrow points downward toward the 3,305 level, indicating a possible bearish target.

Current price: 3,337.33, with a recent bounce from support.



4. Projected Target:

The chart indicates a target of around 3,305, suggesting a bearish bias.




Would you like a more detailed technical analysis or insight into trading strategies based on this chart?

12 thg 5

Đóng lệnh: đạt mục tiêu

Gold Target Successfully Archived.