XAUUSD READY TO BOOM 3000?
Market Structure:
I N B O X- F O R -T R A D E -S I G N A L S
The price has been in an uptrend but recently experienced a pullback.
After making a higher high, the market retraced and is now showing a possible bullish reversal.
Trade Setup:
A long (buy) position is placed, with the entry point around 2,935.725.
Stop-Loss (SL): 2,927.165 (marked in red).
Take-Profit (TP): 2,955.208 (marked in blue).
Risk-Reward Ratio:
The trade is structured with a risk-reward ratio greater than 1:1, which indicates a balanced approach to risk management.
Key Levels to Watch:
Support: 2,930.000 (recent low).
Resistance: 2,955.000 (target level).
If price breaks above the 2,955 resistance, the next target could be 2,970+.
Possible Trading Strategy:
Bullish Confirmation: If price sustains above 2,941, it could indicate further upside momentum.
Bearish Risk: If price falls below 2,935, the trade setup might become invalid, leading to a stop-loss hit.
Conclusion:
📌 The market is currently at a key decision point. If the price maintains above 2,935, buyers may push towards the 2,955 level. However, if the price breaks below support, a deeper pullback may occur. Risk management is crucial in this setup.
I N B O X- F O R -T R A D E -S I G N A L S
The price has been in an uptrend but recently experienced a pullback.
After making a higher high, the market retraced and is now showing a possible bullish reversal.
Trade Setup:
A long (buy) position is placed, with the entry point around 2,935.725.
Stop-Loss (SL): 2,927.165 (marked in red).
Take-Profit (TP): 2,955.208 (marked in blue).
Risk-Reward Ratio:
The trade is structured with a risk-reward ratio greater than 1:1, which indicates a balanced approach to risk management.
Key Levels to Watch:
Support: 2,930.000 (recent low).
Resistance: 2,955.000 (target level).
If price breaks above the 2,955 resistance, the next target could be 2,970+.
Possible Trading Strategy:
Bullish Confirmation: If price sustains above 2,941, it could indicate further upside momentum.
Bearish Risk: If price falls below 2,935, the trade setup might become invalid, leading to a stop-loss hit.
Conclusion:
📌 The market is currently at a key decision point. If the price maintains above 2,935, buyers may push towards the 2,955 level. However, if the price breaks below support, a deeper pullback may occur. Risk management is crucial in 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.