Gold (XAUUSD)Long
XAUUSD BUY: Targeting $3,000 After a Break Above $2,700
"XAUUSD Trading Strategy: Targeting $3,000 After a Break Above $2,700 Resistance"
Current Price: 2,642
Resistance Level: 2,700
Moving Average Condition: 4-hour timeframe
Analysis:
If XAUUSD breaks above the resistance level at 2,700 and the price also crosses above the 4-hour moving average (MA) with strong bullish momentum, it signals a potential continuation of the uptrend. The ultimate target for this movement is set at 3,000.
Trade Setup
Entry Point:
Enter a long position when the price closes above 2,700 and confirms a break above the 4-hour moving average.
Take Profit Targets:
Take Profit 1: 2,800
Take Profit 2: 2,900
Take Profit 3: 3,000
Stop Loss:
Set a stop loss at 2,620, below the breakout level and moving average, to minimize risk.
Current Price: 2,642
Resistance Level: 2,700
Moving Average Condition: 4-hour timeframe
Analysis:
If XAUUSD breaks above the resistance level at 2,700 and the price also crosses above the 4-hour moving average (MA) with strong bullish momentum, it signals a potential continuation of the uptrend. The ultimate target for this movement is set at 3,000.
Trade Setup
Entry Point:
Enter a long position when the price closes above 2,700 and confirms a break above the 4-hour moving average.
Take Profit Targets:
Take Profit 1: 2,800
Take Profit 2: 2,900
Take Profit 3: 3,000
Stop Loss:
Set a stop loss at 2,620, below the breakout level and moving average, to minimize risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.