CFDs on Gold on March 13, 2025 | 4-hour timeframe*
**Key Observations:**
1. **Price Context**: Gold is trading at **2,981.060**, up **+46.915 (+1.60%)** at the time of analysis. The chart highlights bullish momentum, with the price hovering near the annotated level of **2,981.070**.
2. **Annotations**:
- **BOS** (likely *Break of Structure*) marked twice, suggesting a significant technical breakout.
- **CHACH**: Unclear acronym—possibly a custom indicator or trader-specific strategy.
- **TARGET** and **New High**: Indicates bullish objectives, with the primary target at **3,020.000** (all-time high) and secondary levels at **3,010.301**.
3. **Support/Resistance Levels**:
- Immediate support at **2,960.000**, followed by **2,940.000** and **2,920.000**.
- Lower supports extend down to **2,840.000**, indicating a wide trading range.
4. **Timeline**: Dates (March 5–27) and numerical labels (e.g., 7, 11, 13) likely mark key events, Fibonacci retracements, or projected turning points.
**Overall Sentiment**: Bullish, driven by the upward price movement and explicit "New High" target. Traders appear focused on testing the **3,020.000** resistance, while monitoring the **2,960–2,920** zone for potential pullbacks.
**Key Observations:**
1. **Price Context**: Gold is trading at **2,981.060**, up **+46.915 (+1.60%)** at the time of analysis. The chart highlights bullish momentum, with the price hovering near the annotated level of **2,981.070**.
2. **Annotations**:
- **BOS** (likely *Break of Structure*) marked twice, suggesting a significant technical breakout.
- **CHACH**: Unclear acronym—possibly a custom indicator or trader-specific strategy.
- **TARGET** and **New High**: Indicates bullish objectives, with the primary target at **3,020.000** (all-time high) and secondary levels at **3,010.301**.
3. **Support/Resistance Levels**:
- Immediate support at **2,960.000**, followed by **2,940.000** and **2,920.000**.
- Lower supports extend down to **2,840.000**, indicating a wide trading range.
4. **Timeline**: Dates (March 5–27) and numerical labels (e.g., 7, 11, 13) likely mark key events, Fibonacci retracements, or projected turning points.
**Overall Sentiment**: Bullish, driven by the upward price movement and explicit "New High" target. Traders appear focused on testing the **3,020.000** resistance, while monitoring the **2,960–2,920** zone for potential pullbacks.
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