Gold analysis
This chart presents a bullish setup for Gold Spot (XAU/USD) on the 1H timeframe, indicating a potential long (buy) trade.
Key Analysis:
1. Bullish Trend:
The price is in an uptrend, showing strong momentum.
A pullback has occurred, forming a potential higher low, suggesting a continuation of the uptrend.
2. Entry & Risk-Reward Setup:
Entry Zone: Around $3,030
Stop-Loss (Red Zone): Below the recent support (~$3,017)
Target Levels (Blue Arrows):
First Target: $3,040 (+0.22%)
Second Target: $3,051 (+0.28%)
3. Volume Profile & Support Levels:
Strong volume support around $3,020, making it a solid stop-loss placement.
Resistance levels at $3,040 and $3,051, which align with profit-taking zones.
Trading Strategy:
Bullish bias: Look for a long entry in the yellow zone, confirming strength with bullish price action.
Risk Management: A favorable risk-reward ratio is maintained, ensuring a controlled downside.
Breakout Potential: If price clears $3,051, further upside may follow.
This setup is based on technical confluence, making it a valid buy trade as long as market conditions remain supportive. However, keep an eye on fundamental factors like U.S. economic data and Federal Reserve policy for additional confirmation.
Key Analysis:
1. Bullish Trend:
The price is in an uptrend, showing strong momentum.
A pullback has occurred, forming a potential higher low, suggesting a continuation of the uptrend.
2. Entry & Risk-Reward Setup:
Entry Zone: Around $3,030
Stop-Loss (Red Zone): Below the recent support (~$3,017)
Target Levels (Blue Arrows):
First Target: $3,040 (+0.22%)
Second Target: $3,051 (+0.28%)
3. Volume Profile & Support Levels:
Strong volume support around $3,020, making it a solid stop-loss placement.
Resistance levels at $3,040 and $3,051, which align with profit-taking zones.
Trading Strategy:
Bullish bias: Look for a long entry in the yellow zone, confirming strength with bullish price action.
Risk Management: A favorable risk-reward ratio is maintained, ensuring a controlled downside.
Breakout Potential: If price clears $3,051, further upside may follow.
This setup is based on technical confluence, making it a valid buy trade as long as market conditions remain supportive. However, keep an eye on fundamental factors like U.S. economic data and Federal Reserve policy for additional confirmation.
Trade active
Keep hold it guysNote
Running zero draw down Note
80 pipsNote
180 pips Running Trade closed manually
180 pips achieved close it 
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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
🔥 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.