EMA 30 (Red Line): Currently at 3,109.56
EMA 200 (Blue Line): Currently at 3,064.85
Price is above both EMAs, indicating bullish momentum in the short and long term.
📈 Trade Setup:
Entry Point: Around 3,162.15
Stop Loss Zone: Below the purple support box around 3,109–3,141 (right above the 30 EMA)
Target (Take Profit): 3,394.56 — marked as "EA TARGET POINT"
📊 Strategy Outlook:
Bullish Setup: The price recently broke out of a resistance zone (purple area) and retested it, confirming the breakout.
The risk-to-reward ratio appears favorable, as the target is significantly higher than the stop loss.
The upward price projection suggests confidence in a strong bullish continuation.
⚠️ Things to Watch:
Volume confirmation and price action near the entry level.
If price closes below the 30 EMA, it may invalidate the setup.
Always consider broader macroeconomic or fundamental factors when trading gold (e.g., USD strength, interest rates, geopolitical tension).
EMA 200 (Blue Line): Currently at 3,064.85
Price is above both EMAs, indicating bullish momentum in the short and long term.
📈 Trade Setup:
Entry Point: Around 3,162.15
Stop Loss Zone: Below the purple support box around 3,109–3,141 (right above the 30 EMA)
Target (Take Profit): 3,394.56 — marked as "EA TARGET POINT"
📊 Strategy Outlook:
Bullish Setup: The price recently broke out of a resistance zone (purple area) and retested it, confirming the breakout.
The risk-to-reward ratio appears favorable, as the target is significantly higher than the stop loss.
The upward price projection suggests confidence in a strong bullish continuation.
⚠️ Things to Watch:
Volume confirmation and price action near the entry level.
If price closes below the 30 EMA, it may invalidate the setup.
Always consider broader macroeconomic or fundamental factors when trading gold (e.g., USD strength, interest rates, geopolitical tension).
Trade active
Trade closed: target reached
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
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.