XAUUSD Long Trade Setup
Looking to buy XAU/USD from demand zone area.
Entry @ 1763
Target @ 1782 & 1798
Stop @ 1756
Reasons to Consider Long
1. Price Holding Above 200 Day SMA on 4H TF
2. Price Trading inside descending triangle with a multi tested support zone.
3. Consistent series of higher lows and higher highs.
4. Decent Risk to Reward.
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Entry @ 1763
Target @ 1782 & 1798
Stop @ 1756
Reasons to Consider Long
1. Price Holding Above 200 Day SMA on 4H TF
2. Price Trading inside descending triangle with a multi tested support zone.
3. Consistent series of higher lows and higher highs.
4. Decent Risk to Reward.
If you enjoyed reading and agree with the analysis. Please give it a thumbs up and hit follow. It helps with Tradingview algorithm and motivates me to keep bringing good trading opportunities and content to you.
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.
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.