Instrument: XAUUSD (Gold vs USD)
Timeframe: Daily (D1)
Analysis:
Gold is trading near the 3360 support zone. This level has acted as a demand area in the past, and buyers are showing interest here again. If the price holds above 3374, a potential bullish move towards higher levels can be expected.
Trade Plan:
Entry Level: 3374 (after confirmation)
Stop Loss: Below 3345 (setup becomes invalid if price closes under this zone)
Target 1: 3390 (partial profit)
Target 2: 3420 (final target)
Risk Management:
The setup offers around 1:1.5 risk-to-reward. Position size should be managed so risk per trade remains small (around 1–2% of equity).
Invalidation:
If price closes below 3345, the bullish outlook will no longer be valid.
Timeframe: Daily (D1)
Analysis:
Gold is trading near the 3360 support zone. This level has acted as a demand area in the past, and buyers are showing interest here again. If the price holds above 3374, a potential bullish move towards higher levels can be expected.
Trade Plan:
Entry Level: 3374 (after confirmation)
Stop Loss: Below 3345 (setup becomes invalid if price closes under this zone)
Target 1: 3390 (partial profit)
Target 2: 3420 (final target)
Risk Management:
The setup offers around 1:1.5 risk-to-reward. Position size should be managed so risk per trade remains small (around 1–2% of equity).
Invalidation:
If price closes below 3345, the bullish outlook will no longer be valid.
Trade active
target 1 has hit running 200 pips done
🔵 FREE TELEGRAM CHANNEL:
t.me/+1B6Eec7uM9JmYjY0
🟢 Personal Telegram
t.me/William_Bendy
🔴 Disclaimer: Not financial advice.
For educational purposes only.
t.me/+1B6Eec7uM9JmYjY0
🟢 Personal Telegram
t.me/William_Bendy
🔴 Disclaimer: Not financial advice.
For educational purposes only.
Related publications
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.
🔵 FREE TELEGRAM CHANNEL:
t.me/+1B6Eec7uM9JmYjY0
🟢 Personal Telegram
t.me/William_Bendy
🔴 Disclaimer: Not financial advice.
For educational purposes only.
t.me/+1B6Eec7uM9JmYjY0
🟢 Personal Telegram
t.me/William_Bendy
🔴 Disclaimer: Not financial advice.
For educational purposes only.
Related publications
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.