Here’s a clear summary of your XAUUSD (Gold vs. USD) trade setup:
---
🔻 Sell Entry:
3338
🎯 Take Profits:
TP1: 3328
TP2: 3315
TP3: 3300
🛑 Stop Loss:
3355
---
⚖ Risk/Reward Overview:
Stop Loss Distance: 3355 - 3338 = 17 pips
Take Profit Ranges:
TP1: 10 pips (lower reward than SL)
TP2: 23 pips (slightly better than 1:1 R:R)
TP3: 38 pips (approx. 1:2.2 R:R)
---
📌 Notes:
The reward-to-risk ratio improves with lower targets (TP2 and TP3).
This setup may work well in a bearish short-term trend, or after a price rejection from a resistance zone near 3340–3350.
Be cautious around economic news (e.g., NFP, FOMC) that can cause high volatility in XAUUSD.
Would you like me to help visualize this with a chart or analyze if current market conditions support this setup?
---
🔻 Sell Entry:
3338
🎯 Take Profits:
TP1: 3328
TP2: 3315
TP3: 3300
🛑 Stop Loss:
3355
---
⚖ Risk/Reward Overview:
Stop Loss Distance: 3355 - 3338 = 17 pips
Take Profit Ranges:
TP1: 10 pips (lower reward than SL)
TP2: 23 pips (slightly better than 1:1 R:R)
TP3: 38 pips (approx. 1:2.2 R:R)
---
📌 Notes:
The reward-to-risk ratio improves with lower targets (TP2 and TP3).
This setup may work well in a bearish short-term trend, or after a price rejection from a resistance zone near 3340–3350.
Be cautious around economic news (e.g., NFP, FOMC) that can cause high volatility in XAUUSD.
Would you like me to help visualize this with a chart or analyze if current market conditions support this setup?
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.