Here's a quick breakdown:
Entry: 3201
Target: 3251
Stop-loss (not mentioned): It's essential to define a stop-loss. A typical range could be 3175–3185, depending on your risk appetite.
Things to Consider:
Trend Confirmation: Is gold in a strong uptrend on higher timeframes (e.g., 4H, Daily)?
News Events: Check for upcoming economic news (e.g., Fed speeches, inflation data).
Technical Indicators: RSI, MACD, or moving averages—are they supporting the bullish setup?
Would you like a technical chart analysis or confirmation based on current market conditions? I can look it up for you
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.