Gold CFDs (1-Hour): Consolidation Near Critical Support at 2,861
Key Observations:
1. Price Movement
- Current Price: **2,874.670 USD**, down **-0.06%** (minor bearish momentum).
- Recent High: **2,940.000** (resistance level).
- Recent Low: **2,861.819** (critical support).
- Immediate levels to watch: **2,900** (psychological/resistance) and **2,877.292** (minor support).
Actionable Insights:
- **Bearish Scenario**: A break below **2,861.819** could signal further downside.
- **Bullish Reversal**: A rally above **2,900** might target **2,920–2,940**.
- **Neutral Zone**: Consolidation between **2,861–2,900** likely without strong catalysts.
**Note**: Verify date labels for accuracy and cross-check with higher timeframes (e.g., daily) or volume data for confirmation.
1. Price Movement
- Current Price: **2,874.670 USD**, down **-0.06%** (minor bearish momentum).
- Recent High: **2,940.000** (resistance level).
- Recent Low: **2,861.819** (critical support).
- Immediate levels to watch: **2,900** (psychological/resistance) and **2,877.292** (minor support).
Actionable Insights:
- **Bearish Scenario**: A break below **2,861.819** could signal further downside.
- **Bullish Reversal**: A rally above **2,900** might target **2,920–2,940**.
- **Neutral Zone**: Consolidation between **2,861–2,900** likely without strong catalysts.
**Note**: Verify date labels for accuracy and cross-check with higher timeframes (e.g., daily) or volume data for confirmation.
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VIP Channels:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My telegram channel:
t.me/tamesbulltarder139
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
t.me/tamesbulltarder139
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.