It seems like you're discussing a trading strategy for gold. Here's a breakdown of the details you provided:
- *Entry Point*: 2815
This is the price level at which you plan to enter the trade.
- *Target*: 2840
This is the price level you aim to reach for taking profits.
- *Stop Loss (SL)*: 2806
This is the price level at which you will exit the trade to limit losses if the market moves against you.
### Key Points:
1. *Trend Not Broken*: You believe the upward trend in gold prices is still intact, indicating a bullish outlook.
2. *High Again*: Gold is reaching higher levels, reinforcing the bullish sentiment.
### Risk Management:
- The risk-reward ratio for this trade can be calculated as follows:
- *Risk*: Entry (2815) - SL (2806) = 9 points.
- *Reward*: Target (2840) - Entry (2815) = 25 points.
- *Risk-Reward Ratio*: 25/9 ≈ 2.78, which is favorable.
### Considerations:
- Ensure the trend analysis aligns with technical indicators (e.g., moving averages, RSI, MACD) or chart patterns.
- Monitor market news or events that could impact gold prices, such as economic data, geopolitical tensions, or central bank policies.
- Adjust your strategy if the market conditions change.
Let me know if you'd like further analysis or assistance!