It looks like me updating your gold trading strategy with an entry point at 3300, and two target points at 3400 and 3500. Here's a breakdown:
1. Entry Point: Buy gold at 3300.
2. First Target (3400): This would be your first profit-taking level. A price increase from 3305 to 3400 represents a potential profit of 95 points.
3. Second Target (3500): This is your more aggressive target. If gold reaches 3500, you'd be looking at a profit of 195 points from your entry point.
Key Considerations:
Stop Loss: Consider placing a stop loss below 3300 to limit any potential downside risk if the price moves against your position.
Market Factors: Keep an eye on factors like economic data, inflation, interest rates, and geopolitical developments, as these can affect gold prices.
Timeframe: Be clear about your investment horizon. Are you trading in the short term or holding longer?
Let me know if you'd like help with anything like stop-loss strategies or a deeper dive into market conditions.
1. Entry Point: Buy gold at 3300.
2. First Target (3400): This would be your first profit-taking level. A price increase from 3305 to 3400 represents a potential profit of 95 points.
3. Second Target (3500): This is your more aggressive target. If gold reaches 3500, you'd be looking at a profit of 195 points from your entry point.
Key Considerations:
Stop Loss: Consider placing a stop loss below 3300 to limit any potential downside risk if the price moves against your position.
Market Factors: Keep an eye on factors like economic data, inflation, interest rates, and geopolitical developments, as these can affect gold prices.
Timeframe: Be clear about your investment horizon. Are you trading in the short term or holding longer?
Let me know if you'd like help with anything like stop-loss strategies or a deeper dive into market conditions.
Trade active
trade active 3300Note
market touch 3346 running profit 450 pips
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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.