Gold Spot / U.S. Dollar
Long
Updated

XAUUSD SIGNAL : 1H BEAUTIFUL BUY PATTERN

148
I'm providing here for XAUUSD (Gold) on the 1-hour timeframe, here's a suggested trading plan using the visible trend and projection:

Buy Entry Point

Current market price: $3,208.78/3210

Take Profit (TP) Levels

1. TP1: $3,240 – First resistance area before breakout
2. TP2: $3,3280 – Key level in the projected bullish move
3. TP3: $3,370 – Top of the green projection box

4. TP4 (Optional): $3,436 – Running month high point (higher reward target)

5. TP5 (Aggressive): $3,500 – All-time high

Stop Loss (SL) Options

We have two key support levels to base our stop loss:

1. Conservative SL: $3,156 – Below the structure low and start of the upward trend line

2. Tighter SL: $3,137 –

3. Aggressive SL: $3,125 – Below recent low, but risks a deeper pullback

Risk-Reward Suggestion

With entry at around $3,208 and SL at $3,156:

TP1 (3,250): ~1:1 R:R

TP2 (3,325): ~2:1 R:R

TP3 (3,370): ~3:1 R:R
Trade active
Running 400 pips
Trade closed: target reached
Target 2 successful 720 pips

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