Gold (XAU/USD) - Intraday Long Setup
Gold (XAU/USD) - Intraday Long Setup
🔹 Instrument: CFDs on Gold (US/OZ)
🔹 Timeframe: 1H
Trade Setup:
📌 Entry: 2,903.860
🎯 Take Profit Targets:
Target 1: 2,921
Target 2: 2,951
🛑 Stop Loss: 2,883
Technical Outlook:
Price is testing a key support level at 2,903, showing signs of bullish momentum.
A breakout above 2,904 could trigger an upward move towards 2,921, followed by an extended rally to 2,951.
Risk is well-defined with a stop-loss at 2,883, maintaining a favorable risk-to-reward ratio.
This setup aligns with current market dynamics, offering a potential long opportunity for traders monitoring gold price action. Trade wisely!
#Gold #XAUUSD #TradingSetup #PriceAction
🔹 Instrument: CFDs on Gold (US/OZ)
🔹 Timeframe: 1H
Trade Setup:
📌 Entry: 2,903.860
🎯 Take Profit Targets:
Target 1: 2,921
Target 2: 2,951
🛑 Stop Loss: 2,883
Technical Outlook:
Price is testing a key support level at 2,903, showing signs of bullish momentum.
A breakout above 2,904 could trigger an upward move towards 2,921, followed by an extended rally to 2,951.
Risk is well-defined with a stop-loss at 2,883, maintaining a favorable risk-to-reward ratio.
This setup aligns with current market dynamics, offering a potential long opportunity for traders monitoring gold price action. Trade wisely!
#Gold #XAUUSD #TradingSetup #PriceAction
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