Buy opportunity
Trade Setup for XAU/USD (Gold CFDs)
Key Details:
Chart Timeframe: 4-hour
Current Price (Entry): 2,658.04 USD
Indicators Used: EMA (252) and EMA (756)
Trade Parameters:
Position Type: Long (Buy)
Entry: 2,658.04 USD
Stop Loss (SL):
Placed below the most recent support level at 2,633.35 USD to allow for minor pullbacks without compromising the setup.
Stop Loss: 2,630.00 USD
Risk per trade: 28.04 USD per ounce
Take Profit (TP):
Placed near the resistance level of 2,720.657 USD (visible target on your chart) to secure profits at a logical exit point.
Take Profit: 2,720.00 USD
Reward per trade: 61.96 USD per ounce
Risk/Reward Ratio:
R:R = 1:2.21 (Reward is more than twice the risk, meeting professional standards for a high-probability trade)
Key Details:
Chart Timeframe: 4-hour
Current Price (Entry): 2,658.04 USD
Indicators Used: EMA (252) and EMA (756)
Trade Parameters:
Position Type: Long (Buy)
Entry: 2,658.04 USD
Stop Loss (SL):
Placed below the most recent support level at 2,633.35 USD to allow for minor pullbacks without compromising the setup.
Stop Loss: 2,630.00 USD
Risk per trade: 28.04 USD per ounce
Take Profit (TP):
Placed near the resistance level of 2,720.657 USD (visible target on your chart) to secure profits at a logical exit point.
Take Profit: 2,720.00 USD
Reward per trade: 61.96 USD per ounce
Risk/Reward Ratio:
R:R = 1:2.21 (Reward is more than twice the risk, meeting professional standards for a high-probability trade)
GODO Capital Markets
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.
GODO Capital Markets
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.