The chart you provided is a 2-hour price chart for CFDs on Gold (USD/OZ), and it includes technical analysis annotations. Here’s a breakdown of the key elements:
Chart Analysis Summary
Current Price and Trend
Current price: 3,340.377 USD/oz (down 1.25%)
There has been a recent sharp upward spike, followed by a correction downward.
Support and Resistance
Resistance zone: Highlighted in purple near 3,390.224 — this appears to be a key level where price struggled to break higher.
Support zones: Around 3,315 and lower at approximately 3,285 — marked with thick blue horizontal lines.
Chart Patterns
Flag or Pennant Formation: A bullish flag pattern is suggested, with a potential breakout upward indicated by the green shaded area and arrows.
This typically forms after a sharp upward move (flagpole), followed by a consolidation in a downward channel.
Price Projection
If the bullish flag plays out, the price may break above the current downtrend and target a return to the 3,390 level or potentially higher.
Volume
Volume shows spikes during major price moves — recent surge followed by decline, aligning with the flag formation.
Events
Red and blue circular icons suggest upcoming or recent economic events or announcements, possibly impacting price volatility.
---
Conclusion
Bullish Setup: The chart indicates a potential bullish continuation pattern. A breakout from the flag may see price targeting the recent high (~3,390).
Watch for Confirmation: Traders would typically look for a break above the consolidation pattern with volume confirmation before entering long.
Would you like help identifying entry/exit points or setting up a risk management plan based on this chart?
Chart Analysis Summary
Current Price and Trend
Current price: 3,340.377 USD/oz (down 1.25%)
There has been a recent sharp upward spike, followed by a correction downward.
Support and Resistance
Resistance zone: Highlighted in purple near 3,390.224 — this appears to be a key level where price struggled to break higher.
Support zones: Around 3,315 and lower at approximately 3,285 — marked with thick blue horizontal lines.
Chart Patterns
Flag or Pennant Formation: A bullish flag pattern is suggested, with a potential breakout upward indicated by the green shaded area and arrows.
This typically forms after a sharp upward move (flagpole), followed by a consolidation in a downward channel.
Price Projection
If the bullish flag plays out, the price may break above the current downtrend and target a return to the 3,390 level or potentially higher.
Volume
Volume shows spikes during major price moves — recent surge followed by decline, aligning with the flag formation.
Events
Red and blue circular icons suggest upcoming or recent economic events or announcements, possibly impacting price volatility.
---
Conclusion
Bullish Setup: The chart indicates a potential bullish continuation pattern. A breakout from the flag may see price targeting the recent high (~3,390).
Watch for Confirmation: Traders would typically look for a break above the consolidation pattern with volume confirmation before entering long.
Would you like help identifying entry/exit points or setting up a risk management plan based on this chart?
交易結束：目標達成
🎯 GOLD Target 470 PIPS HIT Successfully! 💸📊 Our analysis once again proved accurate and profitable.
🚀 Join us now and trade with confidence!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。