Gold Spot / U.S. DollarUpdated XAU/USD Structure Based Trade Setups on Break & Close
For Short term looking for longs on breakout and close above 1773. Once price reaches 1784 look for short setups.
Buy Setup
Long above 1773
Target @ 1782
Stops @ 1767.5
Risk to Reward (1:2.3)
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Sell Setup
Sell @ 1784
Target @ 1763
Stop @ 1791
Risk to Reward (1:3.2)
Buy Setup
Long above 1773
Target @ 1782
Stops @ 1767.5
Risk to Reward (1:2.3)
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Sell Setup
Sell @ 1784
Target @ 1763
Stop @ 1791
Risk to Reward (1:3.2)
Trade active
Trade closed: target reached
Trade closed: stop reached
trade # 2 stopped out
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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.