Gold Spot / U.S. Dollar
Long
Updated

XAU/USD.1h chart pattern.

1 673

📈 Trade Setup (Long Position on Gold)
Entry: 3320

Target 1: 3370 (💰 +50 points)

Target 2: 3400 (💰 +80 points)

Stop-Loss (suggested): You haven’t specified, but a technical stop-loss around 3290–3300 could be prudent, depending on volatility and timeframe.

Risk-Reward Ratio:

Target 1: 1:2 (assuming 25-point SL)

Target 2: 1:3.2 (approx.)

🧠 Key Considerations
Technicals: Check if 3320 is near a support zone. A bounce from support strengthens the setup.

Fundamentals: Watch for:

Fed announcements

US Dollar Index (DXY)

Inflation data (CPI, PPI)

Geopolitical risks (which can spike gold)

Would you like:

A chart analysis?

An updated gold price?

Risk/reward calculation for your capital?

Let me know how I can assist further.
Trade active
trade active
Trade closed: target reached
target done 3400

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