This 1-hour Gold (XAU/USD) chart from TradingView shows the price action around the $3,126 level. A pullback from resistance near $3,137 is evident, but the price remains above an ascending trendline, suggesting potential continuation to the upside. The chart includes a Supertrend Up Trend indicator, reinforcing the bullish bias. If support holds near the trendline, we may see a rebound toward the resistance zone at $3,140-$3,150.
Explanation: This chart shows gold’s price movement on a 1-hour timeframe. The price recently dropped from a resistance level around $3,137, but it is still following an upward trend. If the price stays above the trendline (black line), it could bounce back up and continue rising toward $3,140-$3,150. The green "Supertrend" indicator suggests that the overall trend is still bullish.
Explanation: This chart shows gold’s price movement on a 1-hour timeframe. The price recently dropped from a resistance level around $3,137, but it is still following an upward trend. If the price stays above the trendline (black line), it could bounce back up and continue rising toward $3,140-$3,150. The green "Supertrend" indicator suggests that the overall trend is still bullish.
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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.