Buy Opportunity
Gold (XAU/USD) Bullish Signal – Potential Long Opportunity
Instrument: Gold (XAU/USD)
Timeframe: 4H
📈 Entry: $2,648.50
🎯 Target: $2,720.50 (+2.72%)
🛑 Stop Loss: $2,619.20 (-1.10%)
Risk-Reward Ratio: 2.46
Analysis:
The price has bounced from a significant support zone at $2,619.20, indicating strong buying interest.
Volume Profile shows a high activity area, validating the $2,648-$2,650 range as a favorable entry point.
Momentum indicators suggest potential bullish continuation, with upward momentum growing (visible in the green histogram).
Instrument: Gold (XAU/USD)
Timeframe: 4H
📈 Entry: $2,648.50
🎯 Target: $2,720.50 (+2.72%)
🛑 Stop Loss: $2,619.20 (-1.10%)
Risk-Reward Ratio: 2.46
Analysis:
The price has bounced from a significant support zone at $2,619.20, indicating strong buying interest.
Volume Profile shows a high activity area, validating the $2,648-$2,650 range as a favorable entry point.
Momentum indicators suggest potential bullish continuation, with upward momentum growing (visible in the green histogram).
GODO Capital Markets
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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.