📈 Updated GOLD Trade Setup (Long)
Chart: 30m timeframe
Entry: $3,279
🛑 Stop-Loss (SL): $3,255
Below recent support (red zone) – protects against false breakout pullback.
🎯 Target Levels (TP):
TP1: $3,323
Previous major resistance (green line)
TP2 (optional extension): $3,350+
Round number & possible breakout continuation if momentum holds.
⚖️ Risk/Reward:
Risk = $3,279 – $3,255 = $24
Reward = $3,323 – $3,279 = $44
R:R = ~1:1.8
Good R:R for a breakout continuation.
🔍 Quick Notes:
Price has already broken wedge resistance and retested yellow zone.
Entered on bullish continuation candle.
Volume confirmed the move (5.68K).
Momentum still strong — holding above structure.
Chart: 30m timeframe
Entry: $3,279
🛑 Stop-Loss (SL): $3,255
Below recent support (red zone) – protects against false breakout pullback.
🎯 Target Levels (TP):
TP1: $3,323
Previous major resistance (green line)
TP2 (optional extension): $3,350+
Round number & possible breakout continuation if momentum holds.
⚖️ Risk/Reward:
Risk = $3,279 – $3,255 = $24
Reward = $3,323 – $3,279 = $44
R:R = ~1:1.8
Good R:R for a breakout continuation.
🔍 Quick Notes:
Price has already broken wedge resistance and retested yellow zone.
Entered on bullish continuation candle.
Volume confirmed the move (5.68K).
Momentum still strong — holding above structure.
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.
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.