Gold Spot / U.S. Dollar
Long
Updated

XAUUSD... 4H CHAT PATTERN

230
Here’s a breakdown of your **XAU/USD (Gold vs US Dollar)** **buy trade setup**:

---

### 📊 **Trade Setup (Long Position)**

* **Buy Entry**: 3,245
* **Take Profit Targets**:

* **1st Target**: 3,288
* **2nd Target**: 3,330

---

### 🧮 **Potential Risk-Reward (Assuming SL at 3,220 for example)**

* **Risk**: 3,245 – 3,220 = **25 points**
* **Reward**:

* 1st Target: 3,288 → +43 points → **Risk/Reward ≈ 1.72**
* 2nd Target: 3,330 → +85 points → **Risk/Reward ≈ 3.4**

---

### ✅ **Considerations Before Entering Trade**

* **Trend**: Is XAUUSD in a clear uptrend? Buying the dip or breakout?
* **Support/Resistance**: Is 3,245 a breakout above a key level?
* **Fundamentals**: Any macroeconomic drivers (like inflation, Fed policy, USD strength)?
* **News**: Check for upcoming economic data that could impact gold (e.g., CPI, NFP, Fed minutes).

---

### ⚠️ **Recommendation**

Since you didn’t provide a **stop loss**, I recommend setting one to manage risk. If you'd like, I can help you identify a logical stop level based on recent price action or support zones
Trade active
active now

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.