BUY OPPORTUNITY
INSTRUMENT: XAU/USD
Entry Price: 2676.5 USD
Stop Loss (SL): 2671.21 USD
Take Profit (TP1): 2688 USD
Trade Rationale:
Price has broken through resistance at 2674 and the trend line from the latest swing peak. Expect upward momentum toward target level (2688 USD) with a risk/reward ratio of 1:2.
The CPI event is expected to induce volatility, and the DXY (US Dollar Index) is showing weakness, which supports the bullish outlook for gold.
Entry Price: 2676.5 USD
Stop Loss (SL): 2671.21 USD
Take Profit (TP1): 2688 USD
Trade Rationale:
Price has broken through resistance at 2674 and the trend line from the latest swing peak. Expect upward momentum toward target level (2688 USD) with a risk/reward ratio of 1:2.
The CPI event is expected to induce volatility, and the DXY (US Dollar Index) is showing weakness, which supports the bullish outlook for gold.
GODO Capital Markets
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.
GODO Capital Markets
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.