This is a TradingView chart of Gold Spot (XAU/USD) on a 1-hour timeframe from OANDA. The price is at 2,919.700, showing a +0.14% increase.
The chart has purple zones marking key support and resistance levels:
Resistance Zone (~2,920): Price is currently interacting with this level.
Support Zone (~2,910): A lower key level where price previously found support.
There is a blue price projection suggesting a possible movement:
1. A drop towards the support zone (~2,910)
2. A potential bounce back toward resistance (~2,920)
3. A breakout above resistance if momentum sustains
The chart suggests a consolidation phase, where price is testing a key resistance level. A breakout or rejection from this level will determine the next price direction.
Would you like a deeper analysis or trade setup suggestions?
The chart has purple zones marking key support and resistance levels:
Resistance Zone (~2,920): Price is currently interacting with this level.
Support Zone (~2,910): A lower key level where price previously found support.
There is a blue price projection suggesting a possible movement:
1. A drop towards the support zone (~2,910)
2. A potential bounce back toward resistance (~2,920)
3. A breakout above resistance if momentum sustains
The chart suggests a consolidation phase, where price is testing a key resistance level. A breakout or rejection from this level will determine the next price direction.
Would you like a deeper analysis or trade setup suggestions?
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.
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.