You're looking at a gold (XAU/USD) buy entry at 2940, aiming for a target of 2985. That's a 46-point move. Here are some key things to consider before entering the trade:
Technical Analysis Checklist
✅ Support & Resistance – Is 2940 a strong support level? Any historical bounce points?
✅ Trend Confirmation – Is the price in an uptrend? Any signs of reversal?
✅ Indicators – Are RSI, MACD, and moving averages supporting the buy setup?
✅ Risk Management – Set a stop-loss level (e.g., below recent support, maybe 2920-2915).
✅ News & Events – Check for FOMC meetings, NFP, CPI, or any geopolitical tensions.
Risk-Reward Ratio
If your SL is around 2920 (-19 points) and TP is 2985 (+46 points), your Risk-Reward Ratio (RRR) is ~1:2.4, which is solid.
Are you trading short-term (scalping/day trading) or holding for a swing trade? 🚀
Technical Analysis Checklist
✅ Support & Resistance – Is 2940 a strong support level? Any historical bounce points?
✅ Trend Confirmation – Is the price in an uptrend? Any signs of reversal?
✅ Indicators – Are RSI, MACD, and moving averages supporting the buy setup?
✅ Risk Management – Set a stop-loss level (e.g., below recent support, maybe 2920-2915).
✅ News & Events – Check for FOMC meetings, NFP, CPI, or any geopolitical tensions.
Risk-Reward Ratio
If your SL is around 2920 (-19 points) and TP is 2985 (+46 points), your Risk-Reward Ratio (RRR) is ~1:2.4, which is solid.
Are you trading short-term (scalping/day trading) or holding for a swing trade? 🚀
Trade active
WOW THATS AMAZING TARGET GUYS MARKET TOUCHING ON 2956 160 PIPS PROFIT DON
KEEP HOLD ON MY NEXT TARGET 2970
Trade closed: target reached
wow thats my amazing target completed guys market touching on 3039 1000 pips collect guys wow.....
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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 US AND KEEP GROWING YOUR INCOME DAY BY DAY
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.