XAUUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE

This is a technical analysis chart of Gold CFDs (US/OZ) on a daily timeframe, published on TradingView. The chart includes the following key elements:

1. Uptrend: The price is following an upward trendline, indicating bullish momentum.


2. Support & Resistance Levels:

A yellow dashed line (~2,879.291) represents a key support level.

A red line (~2,785.719) represents a strong support zone.

A purple shaded area (~2,600 - 2,650) indicates a previous accumulation zone.



3. Prediction:

The blue arrow suggests a possible breakout and continuation of the uptrend towards the $3,100 level.

A short pullback might occur before further upside movement.



4. Current Price:

The price is $2,948.500, showing a +0.53% increase.




This chart is indicating a bullish bias, expecting Gold prices to continue rising if they stay above the trendline and support levels.