This is a technical analysis chart for Gold Spot (XAU/USD) on a 1-hour timeframe from OANDA. The analysis outlines a buy trade setup with the following key points:
1. Entry Point: Around 2,916.721, which is marked with a yellow label.
2. Stop Loss: Placed at 2,900, marked with an orange-red label. This serves as the risk management level to exit if the price moves against the trade.
3. Target Level: 2,960, marked in green, which is the profit target for this trade.
4. Risk-Reward Ratio: The trade setup shows a favorable risk-to-reward structure, where the potential profit is significantly higher than the possible loss.
5. Market Context: The price has experienced a bullish breakout, indicating momentum that could continue toward the 2,960 target.
This setup suggests a long (buy) trade, expecting the price to rise within the green zone while ensuring risk is managed with a stop-loss in the red zone.
1. Entry Point: Around 2,916.721, which is marked with a yellow label.
2. Stop Loss: Placed at 2,900, marked with an orange-red label. This serves as the risk management level to exit if the price moves against the trade.
3. Target Level: 2,960, marked in green, which is the profit target for this trade.
4. Risk-Reward Ratio: The trade setup shows a favorable risk-to-reward structure, where the potential profit is significantly higher than the possible loss.
5. Market Context: The price has experienced a bullish breakout, indicating momentum that could continue toward the 2,960 target.
This setup suggests a long (buy) trade, expecting the price to rise within the green zone while ensuring risk is managed with a stop-loss in the red zone.
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t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
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t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
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.