Based on the attached chart and extracted text information, here is a graphical analysis and trend determination of the spot gold price against the US dollar (Gold Spot / US Dollar).
Trend Analysis:
- General Trend: Based on the available data, there appears to be a short-term downtrend. The decline in price and confirmation of selling levels indicate strong selling pressure. However, this trend must be confirmed using other technical indicators.
- Price Range: The chart indicates a broad price range between approximately $3,000 and $3,500 over the past several months. This indicates significant volatility in the price of gold.
Support and Resistance Levels:
- Support Levels:
- The $3,219.944 level represents an important support level.
- The $3,100 and $3,000 levels may also act as support levels if the downtrend continues.
- Resistance Levels:
- The $3,353.820 level (the current buy level) could act as an immediate resistance level.
- Higher levels in the $3,400-$3,500 range represent potential resistance levels if the trend reverses.
- Monitoring Support Levels: The aforementioned support levels should be monitored to identify potential buying points in case of a bounce.
Based on the available data, there is a short-term downward trend in the spot gold price against the US dollar, starting from these areas:
- Entry price of the deal: $3,355.00
- Stop loss price for the trade: $3,381.00
- Target price for the deal TP1: $3,320.00
- Target price for the deal TP2: $3,280.00
- Target price for the deal TP3: $3,219.00
Trend Analysis:
- General Trend: Based on the available data, there appears to be a short-term downtrend. The decline in price and confirmation of selling levels indicate strong selling pressure. However, this trend must be confirmed using other technical indicators.
- Price Range: The chart indicates a broad price range between approximately $3,000 and $3,500 over the past several months. This indicates significant volatility in the price of gold.
Support and Resistance Levels:
- Support Levels:
- The $3,219.944 level represents an important support level.
- The $3,100 and $3,000 levels may also act as support levels if the downtrend continues.
- Resistance Levels:
- The $3,353.820 level (the current buy level) could act as an immediate resistance level.
- Higher levels in the $3,400-$3,500 range represent potential resistance levels if the trend reverses.
- Monitoring Support Levels: The aforementioned support levels should be monitored to identify potential buying points in case of a bounce.
Based on the available data, there is a short-term downward trend in the spot gold price against the US dollar, starting from these areas:
- Entry price of the deal: $3,355.00
- Stop loss price for the trade: $3,381.00
- Target price for the deal TP1: $3,320.00
- Target price for the deal TP2: $3,280.00
- Target price for the deal TP3: $3,219.00
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.