I’m sharing a trading signal or idea for XAU/USD (Gold vs. US Dollar):
• Buy at 3358
• Target: 3500
• Rationale: Expecting price to touch recent highs again
Let me break it down and offer some considerations:
1. Price Context
• 3358 is a very high level for gold — if this is a real-time signal, it’s likely based on a future bullish momentum expectation or perhaps referring to a forecasted level.
• The all-time high for gold (as of mid-2024) was around $2,450. If you mean 3358, it might be a typo or you’re referring to something else like a gold-related index, synthetic pair, or specific contract (e.g., in another currency or leveraged ETF).
2. Technical Analysis Tips
If you’re anticipating a move to 3500, here are a few things traders typically confirm:
• Strong uptrend with no major resistance between 3358 and 3500
• Volume confirmation on bullish candles
• Fundamental backing like economic weakness, high inflation, or geopolitical tension
3. Risk Management
• Entry: 3358
• TP: 3500
• SL: You should have a clearly defined stop loss to manage downside risk — perhaps based on a recent support level (e.g., 3310 or 3280)
• Risk-reward: Make sure the reward (3500-3358 = 142) is at least 2x the risk
• Buy at 3358
• Target: 3500
• Rationale: Expecting price to touch recent highs again
Let me break it down and offer some considerations:
1. Price Context
• 3358 is a very high level for gold — if this is a real-time signal, it’s likely based on a future bullish momentum expectation or perhaps referring to a forecasted level.
• The all-time high for gold (as of mid-2024) was around $2,450. If you mean 3358, it might be a typo or you’re referring to something else like a gold-related index, synthetic pair, or specific contract (e.g., in another currency or leveraged ETF).
2. Technical Analysis Tips
If you’re anticipating a move to 3500, here are a few things traders typically confirm:
• Strong uptrend with no major resistance between 3358 and 3500
• Volume confirmation on bullish candles
• Fundamental backing like economic weakness, high inflation, or geopolitical tension
3. Risk Management
• Entry: 3358
• TP: 3500
• SL: You should have a clearly defined stop loss to manage downside risk — perhaps based on a recent support level (e.g., 3310 or 3280)
• Risk-reward: Make sure the reward (3500-3358 = 142) is at least 2x the risk
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t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.