XAU/USD,4h chart pattern.

5 giorni fa

Im looking to buy Gold at 3432 with a target of 3500. Here's a quick analysis and trade plan for this idea:


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🟡 Gold Trade Setup

Buy Entry: 3432

Target (Take Profit): 3500

Potential Gain: 68 points

Suggested Stop Loss: Around 3400 (for a 1:2 risk/reward ratio)



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📊 Things to Consider:

1. Trend: Ensure the current market trend supports a bullish move. Look for higher lows and higher highs.


2. Support at 3432: Is this a strong support level? If it’s holding multiple times, it can be a good entry.


3. Resistance at 3500: This could be a psychological or historical resistance. Be ready for partial profit booking near it.


4. News & Events: Watch for U.S. economic data or Fed comments that could impact gold volatility.


5. Risk Management: Don’t risk more than 1-2% of your capital on this trade.




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Would you like a technical chart setup or analysis based on current market conditions to support this trade idea?

4 giorni fa

Trade attivo

trade active