The chart represents a daily (1D) analysis of Gold (XAUUSD) trading on the CAPITALCOM platform. The current market prices are 2,640.70 for sell and 2,641.00 for buy. The key points of the analysis are:
1. Current Price Movement: The price is moving in a range between 2,600 and 2,670. The chart shows a consolidation pattern with potential for a breakout.
2. Resistance Level: The resistance level is marked at 2,671.79. The analysis suggests that if the price breaks this resistance, the next target is 2,700.
3. Projected Movement: The chart indicates a potential bullish move. After breaking the resistance level, the price is expected to trend upwards, potentially reaching the 2,700 mark.
4. Volume Profile: The right side of the chart shows a volume profile indicating higher trading activity around the current price range, suggesting a significant level of interest from traders at these levels.
5. Technical Indicators: No specific indicators are shown on the chart, but the pattern and breakout analysis suggest reliance on price action and volume as key tools for this analysis.
This chart reflects a bullish outlook if the price successfully breaks the resistance at 2,671, with a target set at 2,700.
1. Current Price Movement: The price is moving in a range between 2,600 and 2,670. The chart shows a consolidation pattern with potential for a breakout.
2. Resistance Level: The resistance level is marked at 2,671.79. The analysis suggests that if the price breaks this resistance, the next target is 2,700.
3. Projected Movement: The chart indicates a potential bullish move. After breaking the resistance level, the price is expected to trend upwards, potentially reaching the 2,700 mark.
4. Volume Profile: The right side of the chart shows a volume profile indicating higher trading activity around the current price range, suggesting a significant level of interest from traders at these levels.
5. Technical Indicators: No specific indicators are shown on the chart, but the pattern and breakout analysis suggest reliance on price action and volume as key tools for this analysis.
This chart reflects a bullish outlook if the price successfully breaks the resistance at 2,671, with a target set at 2,700.
Trade active
Note
Keep holdNote
Gold will flyNote
60 pips running keep hold 
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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.
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.