Gold (CFDs) on a 1-hour timeframe
Key observations are as follows:
1. Purple Zone (Resistance Area): The price faced resistance upon reaching the purple zone and reversed, indicating a potential supply zone.
2. Blue Trendlines: Highlight the upward trend followed by a sharp downward correction.
3. Green Zone (Support Area): The price is moving toward a possible support level where buying interest might emerge.
4. Volume Analysis: The volume bars indicate significant activity, particularly near the support zone.
The price seems to be heading toward the green zone. If this level holds, a reversal to the upside could occur. However, if it breaks below, further downside movement is likely.
1. Purple Zone (Resistance Area): The price faced resistance upon reaching the purple zone and reversed, indicating a potential supply zone.
2. Blue Trendlines: Highlight the upward trend followed by a sharp downward correction.
3. Green Zone (Support Area): The price is moving toward a possible support level where buying interest might emerge.
4. Volume Analysis: The volume bars indicate significant activity, particularly near the support zone.
The price seems to be heading toward the green zone. If this level holds, a reversal to the upside could occur. However, if it breaks below, further downside movement is likely.
"Join our Telegram channel to receive free, high-quality trading signals. Stay ahead in the market with our expert insights!"
t.me/LunaTrader_1
t.me/LunaTrader_1
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.