Xauusd next target for today
Distance Calculation for Buy Analysis
Based on the updated chart, the key price levels are:
Resistance Area (Target): 2,940.00
Support Area (Entry Zone): 2,900.00
Distance Calculation:
\text{Distance} = \text{Resistance Level} - \text{Support Level}
= 2,940.00 - 2,900.00 ]
= 40.00 \text{ (points)}
Buy Trade Setup
Entry Point: Around 2,900.00 (Support area)
Target: 2,940.00 (Resistance area)
Potential Profit: 40 points
Risk-Reward Consideration
If placing a stop-loss below support (e.g., at 2,890.00):
Risk: ~10 points
Reward: ~40 points
Risk-Reward Ratio: 1:4 (Favorable for buyers)
Based on the updated chart, the key price levels are:
Resistance Area (Target): 2,940.00
Support Area (Entry Zone): 2,900.00
Distance Calculation:
\text{Distance} = \text{Resistance Level} - \text{Support Level}
= 2,940.00 - 2,900.00 ]
= 40.00 \text{ (points)}
Buy Trade Setup
Entry Point: Around 2,900.00 (Support area)
Target: 2,940.00 (Resistance area)
Potential Profit: 40 points
Risk-Reward Consideration
If placing a stop-loss below support (e.g., at 2,890.00):
Risk: ~10 points
Reward: ~40 points
Risk-Reward Ratio: 1:4 (Favorable for buyers)
Trade XAU/USD with expert signals Join World Expert Trading for reliable, profitable Gold trading insights Start now [t.me/WorldExpertTrading1]
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.
Trade XAU/USD with expert signals Join World Expert Trading for reliable, profitable Gold trading insights Start now [t.me/WorldExpertTrading1]
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.