Hello traders! I’m taking a long position on gold, targeting a significant move up. My entry is strategically placed at a 4-hour Fair Value Gap (FVG), which could act as a strong launchpad for this trade. 📈
🔍 Why This Entry?
Technical Analysis: Gold has recently formed a 4-hour FVG between 2507 and 2501, creating an ideal entry point for a long position. This gap signifies a potential imbalance in the market, with buyers likely to step in and drive prices higher. Fundamental Analysis: With ongoing economic uncertainties and inflation concerns, gold remains a go-to safe-haven asset. This adds additional confidence to the bullish technical setup. Risk/Reward Ratio: Manage your risks 1:3
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💬 What’s Your Take? How do you see this gold trade playing out? Let’s discuss in the comments!
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