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Here is a description of the gold (XAU/USD) chart on the 1-hour timeframe: 1. Volume Profile: The chart shows a Volume Profile on the left side, with the yellow area indicating high-volume zones, and the red and green areas indicating low-volume zones. The highest volume appears to be around the **2,485 to 2,495 USD** range. 2. Fibonacci Retracement: There are Fibonacci Retracement lines drawn from the recent high to the low. The key levels marked are: - 100% at 2,504.06 USD - 78.60% at 2,497.06 USD - 61.80% at 2,491.57 USD (which is also the current price around 2,493.89 USD) - 50% at 2,487.71 USD - 38.20% at 2,483.86 USD - 0% at 2,471.37 USD 3. Trend and Price Pattern: The price experienced a sharp decline from the high level (around 2,505 USD) towards the low at approximately 2,471 USD, followed by a rebound. The current price is around the 61.8% Fibonacci retracement level, which is a significant resistance level to watch. 4. Consolidation Areas: There are several consolidation areas marked with gray boxes. These indicate price zones where the market previously moved sideways or consolidated. One of the main consolidation areas is around 2,485 USD, which also coincides with the high-volume area on the Volume Profile. 5. Price Prediction* The yellow parabolic curve suggests a potential further decline in price towards the area around **2,462.58 USD** and possibly lower to **2,442.16 USD**, depending on the subsequent price action. This chart indicates a bearish potential if the price fails to break through the 61.8% Fibonacci resistance level. As a trader, you might want to observe the price action around this level to decide on your next trading move.

gold is still in a bearish structure. and is now approaching the key level. just go where the big players take the price :D

BTCUSD ANALYSIS the price is consolidating to form a bullish flag. maybe the price will continue the upward trend.

when viewed from the weekly time frame. the price is currently touching the key level area and the support channel.if the price doesn't break out, then the price will probably go down.

market structure looks quite clear.after the price broke the trend line support, now the price is back to test the area.

if seen on the daily TF, gold is now in the supply area.waiting on the 1 hour time frame, will there be a rejection?

today when viewed from the 1 hour time frame, gold appreciates daily support.waiting for the price to break the hourly resistance and buy the dip or buy in the nearest demand area.This analysis is just an idea and not trading advice!

the price has broken the neckline.and now what to do is WAITING for the price correction.and will the price test the neckline and continue the downtrend?

if you look at it from a moving average perspective, every time the MA makes a death cross, the gold price drops very low.will this happen again?

as you can see on the chart. the price is in the channel area. like the previous pattern, after forming a bullish falling wedge the price continued to the upside.this may be repeated in the future.