Gold (XAU/USD) - Intraday Long Setup
🔹 Instrument: CFDs on Gold (US$/OZ)
🔹 Timeframe: 1H
Trade Setup:
📌 Entry: 2,903.860
🎯 Take Profit Targets:
Target 1: 2,921
Target 2: 2,951
🛑 Stop Loss: 2,883
Technical Outlook:
Price is testing a key support level at 2,903, showing signs of bullish momentum.
A breakout above 2,904 could trigger an upward move towards 2,921, followed by an extended rally to 2,951.
Risk is well-defined with a stop-loss at 2,883, maintaining a favorable risk-to-reward ratio.
This setup aligns with current market dynamics, offering a potential long opportunity for traders monitoring gold price action. Trade wisely!
#Gold #XAUUSD #TradingSetup #PriceAction
🔹 Instrument: CFDs on Gold (US$/OZ)
🔹 Timeframe: 1H
Trade Setup:
📌 Entry: 2,903.860
🎯 Take Profit Targets:
Target 1: 2,921
Target 2: 2,951
🛑 Stop Loss: 2,883
Technical Outlook:
Price is testing a key support level at 2,903, showing signs of bullish momentum.
A breakout above 2,904 could trigger an upward move towards 2,921, followed by an extended rally to 2,951.
Risk is well-defined with a stop-loss at 2,883, maintaining a favorable risk-to-reward ratio.
This setup aligns with current market dynamics, offering a potential long opportunity for traders monitoring gold price action. Trade wisely!
#Gold #XAUUSD #TradingSetup #PriceAction
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.