Here's a structured breakdown of MY Gold (XAU/USD) trade setup:
XAU/USD (Gold) Buy Setup
Entry (Buy): 3350
Stop Loss: (not specified - important to manage risk)
Targets:
1 Target: 3428
Potential Gain
Target: 3435-3350 = +78 points
Recommendations:
Stop Loss: You should define a stop loss - consider placing it below a recent support level (e.g., 3325 or 3315), depending on your risk tolerance and time frame.
Risk-Reward: Without a stop loss, R:R can't be calculated, but targets offer solid profit potential if momentum continues upward.
Confirmation: Look for bullish candlestick patterns, strong volume, or support at 3350 before entering.
Partial Profit-Taking: Consider locking in profits at 3428 and trailing your stop to reduce risk on the remainder.
TRAND
market in buy trend
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XAU/USD (Gold) Buy Setup
Entry (Buy): 3350
Stop Loss: (not specified - important to manage risk)
Targets:
1 Target: 3428
Potential Gain
Target: 3435-3350 = +78 points
Recommendations:
Stop Loss: You should define a stop loss - consider placing it below a recent support level (e.g., 3325 or 3315), depending on your risk tolerance and time frame.
Risk-Reward: Without a stop loss, R:R can't be calculated, but targets offer solid profit potential if momentum continues upward.
Confirmation: Look for bullish candlestick patterns, strong volume, or support at 3350 before entering.
Partial Profit-Taking: Consider locking in profits at 3428 and trailing your stop to reduce risk on the remainder.
TRAND
market in buy trend
like our idea
support our idea
give feedback
Trade active
xauusd running 200 pips 3350 to 3370 done already
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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.