This chart shows a trade setup for Gold Spot (XAU/USD) on a 2-hour timeframe. Let’s break it down:
Entry Point: Around 2,917.000 — the trader plans to enter a short (sell) position.
Stop Loss: Set at 2,924.000, indicating the maximum loss the trader is willing to take.
Take Profit Levels:
Take Profit 1: Around 2,910.000
Take Profit 2: Around 2,906.000
Last Target: 2,900.000
TECHNIAL ANALYSIS SATUP
FALLOW RISK MANAGEMENT ✅