This chart is a 1-hour candlestick chart of Gold Spot (XAU/USD) with various technical indicators and annotations. Here's a breakdown of the key elements:
---
🔍 Technical Analysis Overview:
1. Price:
Current price: 3,338.205
Up by +13.200 (+0.40%)
2. Chart Patterns:
Bullish Harmonic Pattern (Possibly a Bat or Gartley): Formed prior to the upward movement.
The pattern suggests a potential reversal zone (PRZ) around the 3,330 area, which seems to have held as support.
3. Yellow Path (Projected Price Action):
Suggests a bullish scenario:
Continuation of higher lows and higher highs.
Targets:
~3,348 (mid resistance)
~3,360–3,370 (major resistance zone)
4. Support & Resistance Zones (Purple lines):
Support: Around 3,330 (confluent with PRZ and recent bounce).
Resistance levels:
~3,348–3,350
~3,360–3,370
Trendline resistance (descending pink line) intersects around 3,360.
5. Volume & Event Markers:
**Purple
---
🔍 Technical Analysis Overview:
1. Price:
Current price: 3,338.205
Up by +13.200 (+0.40%)
2. Chart Patterns:
Bullish Harmonic Pattern (Possibly a Bat or Gartley): Formed prior to the upward movement.
The pattern suggests a potential reversal zone (PRZ) around the 3,330 area, which seems to have held as support.
3. Yellow Path (Projected Price Action):
Suggests a bullish scenario:
Continuation of higher lows and higher highs.
Targets:
~3,348 (mid resistance)
~3,360–3,370 (major resistance zone)
4. Support & Resistance Zones (Purple lines):
Support: Around 3,330 (confluent with PRZ and recent bounce).
Resistance levels:
~3,348–3,350
~3,360–3,370
Trendline resistance (descending pink line) intersects around 3,360.
5. Volume & Event Markers:
**Purple
🎯XAUUSD GOLD Daily 8-9 Free Signals🚀 World Best community Join Here ✅
💫XAUUSD
💫BTC
💫EURUSD
For Signals Telegram channel
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
t.me/technicaltrader10
💫XAUUSD
💫BTC
💫EURUSD
For Signals Telegram channel
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
t.me/technicaltrader10
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.
🎯XAUUSD GOLD Daily 8-9 Free Signals🚀 World Best community Join Here ✅
💫XAUUSD
💫BTC
💫EURUSD
For Signals Telegram channel
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
t.me/technicaltrader10
💫XAUUSD
💫BTC
💫EURUSD
For Signals Telegram channel
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
t.me/technicaltrader10
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.