XAUUSD TRADE Entry from Support with Targets at 3,347 and 3,503Entry Point: 3,219.45
Stop Loss: 3,171.35
Target Point One: 3,347.49
EA Target Point (Final Target): 3,503.87
Trade Plan:
Risk Zone: Between entry (3,219.45) and stop loss (3,171.35). The trader risks roughly 48.1 points.
Reward Zone: From entry to:
Target Point One: ~128 points.
Final Target (EA Target): ~284.4 points.
Risk-Reward Ratios:
To Target Point One: ~2.66:1
To EA Target Point: ~5.9:1
Indicators and Signals:
Price appears to be bouncing off a support zone near 3,212–3,219, indicating a potential reversal.
200 EMA (blue) and 50 EMA (red) are shown; price is slightly above the 200 EMA, suggesting long-term support.
There is a downtrend before the bounce, so this might be a counter-trend trade or the start of a new trend.
Summary:
This setup is a classic bounce from a demand/support zone with a clear upside potential. The risk is tightly managed, and the reward is significantly higher, aligning with favorable risk-reward principles. However, the position is speculative and relies on bullish follow-through from the support level. Watch price behavior near the 3,288 and 3,347 resistance zones to assess momentum.
