BUY OPPORTUNITY
INSTRUMENT: XAU/USD
Entry Price: 2676.5 USD
Stop Loss (SL): 2671.21 USD
Take Profit (TP1): 2688 USD
Trade Rationale:
Price has broken through resistance at 2674 and the trend line from the latest swing peak. Expect upward momentum toward target level (2688 USD) with a risk/reward ratio of 1:2.
The CPI event is expected to induce volatility, and the DXY (US Dollar Index) is showing weakness, which supports the bullish outlook for gold.
Entry Price: 2676.5 USD
Stop Loss (SL): 2671.21 USD
Take Profit (TP1): 2688 USD
Trade Rationale:
Price has broken through resistance at 2674 and the trend line from the latest swing peak. Expect upward momentum toward target level (2688 USD) with a risk/reward ratio of 1:2.
The CPI event is expected to induce volatility, and the DXY (US Dollar Index) is showing weakness, which supports the bullish outlook for gold.
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