This is a technical analysis chart for Gold (CFDs on Gold, USD/OZ) on a 45-minute timeframe from TradingView. Here's a breakdown of the key elements:
Chart Summary (as of May 28, 2025):
Current Price: $3,321.640 (up +0.64%)
Chart Timeframe: 45 minutes
Highlighted Zones:
Resistance Zone (Top Yellow Area): Around 3,355–3,360
Support Zones (Middle to Bottom Yellow Areas):
~3,280
~3,240
~3,200
Chart Annotations:
Blue Arrows: Indicate a projected price movement:
1. Short-Term Bullish Move: A rise toward the resistance area near 3,360.
2. Followed by Bearish Reversal: A sharp drop expected after reaching the resistance zone, possibly down to the 3,280 or lower support zone.
Volume Bars: Shown at the bottom, giving insight into trade activity. A noticeable spike in volume supports the prior price drop and recovery pattern.
Interpretation:
The analyst expects a bullish continuation in the short term, reaching the resistance zone around 3,360.
After testing resistance, a rejection and bearish reversal is anticipated, targeting the support zone around 3,280 or even 3,240.
This strategy appears to rely on support/resistance trading and reversal patterns.
Would you like an assessment of the likelihood of this move or suggestions for entry/exit points?
Chart Summary (as of May 28, 2025):
Current Price: $3,321.640 (up +0.64%)
Chart Timeframe: 45 minutes
Highlighted Zones:
Resistance Zone (Top Yellow Area): Around 3,355–3,360
Support Zones (Middle to Bottom Yellow Areas):
~3,280
~3,240
~3,200
Chart Annotations:
Blue Arrows: Indicate a projected price movement:
1. Short-Term Bullish Move: A rise toward the resistance area near 3,360.
2. Followed by Bearish Reversal: A sharp drop expected after reaching the resistance zone, possibly down to the 3,280 or lower support zone.
Volume Bars: Shown at the bottom, giving insight into trade activity. A noticeable spike in volume supports the prior price drop and recovery pattern.
Interpretation:
The analyst expects a bullish continuation in the short term, reaching the resistance zone around 3,360.
After testing resistance, a rejection and bearish reversal is anticipated, targeting the support zone around 3,280 or even 3,240.
This strategy appears to rely on support/resistance trading and reversal patterns.
Would you like an assessment of the likelihood of this move or suggestions for entry/exit points?
t.me/+EQ88IkMSUvQwMGJk
Join telegram channel free
t.me/+EQ88IkMSUvQwMGJk
Join telegram channel free
t.me/+EQ88IkMSUvQwMGJk
Related publications
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.
t.me/+EQ88IkMSUvQwMGJk
Join telegram channel free
t.me/+EQ88IkMSUvQwMGJk
Join telegram channel free
t.me/+EQ88IkMSUvQwMGJk
Related publications
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.