The image is a TradingView chart for Gold Spot (XAU/USD) on the 1-hour timeframe. It shows recent price movements with key support and resistance levels highlighted in purple.
Current Price: 2,901.695 (+0.42%)
Resistance Zone: Around 2,905-2,910
Support Zone: Around 2,880
Technical Analysis:
A blue projection suggests a price move up towards resistance before a potential drop back to support.
Upcoming fundamental events are indicated by economic calendar icons (possibly U.S. data releases).
This chart suggests a bearish outlook after a short-term retracement. Let me know if you need further insights!
Current Price: 2,901.695 (+0.42%)
Resistance Zone: Around 2,905-2,910
Support Zone: Around 2,880
Technical Analysis:
A blue projection suggests a price move up towards resistance before a potential drop back to support.
Upcoming fundamental events are indicated by economic calendar icons (possibly U.S. data releases).
This chart suggests a bearish outlook after a short-term retracement. Let me know if you need further insights!
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.