Your forecast suggests a buy position for XAUUSD at 2648, with a
Updated
Here’s a breakdown of the approach:
Buy Strategy
Entry Point: 2648
Stop Loss: 2640 (10 pips risk)
Target: 2662-2666 (12-16 pips profit)
This strategy suggests a favorable risk-reward ratio if the price approaches 2666.
Sell Scalping Strategy
Zone: 2662-2666
The suggestion implies strong resistance in this range, making it a potential reversal area for short positions.
Considerations
1. Risk Management: Ensure proper position sizing to manage the 10-pip stop loss effectively.
2. Market Sentiment: Watch out for any news or economic events (e.g., Fed speeches, NFP) that could impact gold prices.
3. Volatility: Use real-time data to confirm momentum near 2662-2666 for a possible reversal.
Do you need real-time confirmation of price levels or additional technical indicators (e.g., RSI, Fibonacci levels)?
Buy Strategy
Entry Point: 2648
Stop Loss: 2640 (10 pips risk)
Target: 2662-2666 (12-16 pips profit)
This strategy suggests a favorable risk-reward ratio if the price approaches 2666.
Sell Scalping Strategy
Zone: 2662-2666
The suggestion implies strong resistance in this range, making it a potential reversal area for short positions.
Considerations
1. Risk Management: Ensure proper position sizing to manage the 10-pip stop loss effectively.
2. Market Sentiment: Watch out for any news or economic events (e.g., Fed speeches, NFP) that could impact gold prices.
3. Volatility: Use real-time data to confirm momentum near 2662-2666 for a possible reversal.
Do you need real-time confirmation of price levels or additional technical indicators (e.g., RSI, Fibonacci levels)?
Trade closed: stop reached
Congratulations on your profit! Capturing over 60 pips on XAUUSD is a great result. Closing all trades at 2654 was a solid move to secure those gains. Keep up the disciplined trading, and best of luck with your next setups! If you need help analyzing future trades, feel free to ask.
Disclaimer
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