Chart Overview
Symbol: XAU/USD
📈 Trade Setup (Long Position)
1. Entry Point: ~3,323.560 (marked by the green line on the chart)
2. Stop Loss ~3,304.371 (highlighted in red marked as stop loss with a yellow box)
3. Target Point ~3,357.829 (highlighted in blue with a label and arrow pointing upward within a yellow box)
4. Risk-to-Reward Ratio: Appears to be favorable with a tighter stop loss and a wider target range
🔄 Market Pattern
There is a W-shaped recovery pattern visible suggesting a potential reversal from a recent downtrend
The marked zones and arrow indicate a bullish trade setup, anticipating upward movement
If you'd like I can
Help you calculate the risk-to-reward ratio
Analyze whether this is a good entry based on technical patterns
Offer alternate strategies or entry points
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Symbol: XAU/USD
📈 Trade Setup (Long Position)
1. Entry Point: ~3,323.560 (marked by the green line on the chart)
2. Stop Loss ~3,304.371 (highlighted in red marked as stop loss with a yellow box)
3. Target Point ~3,357.829 (highlighted in blue with a label and arrow pointing upward within a yellow box)
4. Risk-to-Reward Ratio: Appears to be favorable with a tighter stop loss and a wider target range
🔄 Market Pattern
There is a W-shaped recovery pattern visible suggesting a potential reversal from a recent downtrend
The marked zones and arrow indicate a bullish trade setup, anticipating upward movement
If you'd like I can
Help you calculate the risk-to-reward ratio
Analyze whether this is a good entry based on technical patterns
Offer alternate strategies or entry points
Drop Your Like And Comment 👊
Join Telegram Channel Free t.me/Sharp_Entry_Trader "Explore daily insights: 4/5 signals meticulously analyzed, ensuring an impressive 99% accuracy in forex & crypto trades t.me/Sharp_Entry_Trader
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.
Join Telegram Channel Free t.me/Sharp_Entry_Trader "Explore daily insights: 4/5 signals meticulously analyzed, ensuring an impressive 99% accuracy in forex & crypto trades t.me/Sharp_Entry_Trader
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.