Gold Spot / U.S. Dollar
Long
Updated

XAU/USD...1H CHART PATTERN.

3 114
GOLD (XAU/USD) long position:

🟡 Trade Setup
Buy Entry: 3234

Target: 3350

Stop Loss: (Not provided – see notes below)

🎯 Trade Summary
Metric Value
Entry Price 3234
Target Price 3350
Profit Target +116 points
Stop Loss ❓ (TBD)
Risk/Reward ❓ (depends on SL)

📊 Scenario Analysis (Assuming Some Example Stop Losses):
Stop Loss Risk (Points) R:R Ratio (vs 116pt target)
3184 50 pts ~2.3:1
3150 84 pts ~1.38:1
3100 134 pts ~0.87:1

Let me know your preferred stop loss, and I’ll finalize the table for you.

✅ Key Technical Notes:
Target 3350 is a logical round number and likely a psychological resistance. Confirm if there’s confluence (e.g., fib level, prior high, moving average).

If this is a swing trade, ideal to set SL below a recent swing low or strong support level.

Consider partial profit-taking or trailing stop if momentum is strong before 3350.

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