Gold Spot / U.S. Dollar
Long
Updated

Gold (XAU/USD) Trade Setup โ€“ Bullish Momentum Ahead?

88
Gold Spot (XAU/USD) 1H Chart Analysis

๐Ÿ”น Entry Point: 3,026.90 ๐Ÿ”ต
๐Ÿ”น Stop Loss: 3,019.58 - 3,019.07 โŒ (Risk Zone)
๐Ÿ”น Take Profit Levels:

TP1: 3,034.64 ๐ŸŽฏ

TP2: 3,041.72 ๐Ÿš€

Final Target: 3,053.04 ๐Ÿ†


๐Ÿ“ˆ Trend Analysis:
๐Ÿ”ธ The market has been in a strong uptrend ๐Ÿ“ˆ before pulling back to the entry zone.
๐Ÿ”ธ The trade setup suggests a buy (long) position, aiming for higher levels.
๐Ÿ”ธ If momentum continues, price may reach TP1 โ†’ TP2 โ†’ Final Target.

โš ๏ธ Risk-Reward Ratio:
โœ… Potential Reward: ~27 points ๐Ÿ…
โŒ Risk: ~7-8 points ๐Ÿšจ
๐Ÿ’ฐ Risk-to-Reward Ratio: 1:3 (Favorable setup)

๐Ÿ”ป Risk Factor:

If price drops below 3,019.58, the trade will hit stop loss and may indicate a trend reversal ๐Ÿ”„.


๐Ÿ“ข Conclusion:

Bullish trade setup looking promising if price holds above the entry point and moves towards TP targets! ๐Ÿš€๐Ÿ”ฅ
Trade closed: target reached
snapshot
Note
Target Hit! โœ…โœ…โœ…

๐Ÿ”น Entry Point: 3,027.24
๐Ÿ”น TP1: 3,034.64 ๐Ÿ“ˆ
๐Ÿ”น TP2: 3,041.72 ๐Ÿš€
๐Ÿ”น Target Point: 3,053.04 ๐ŸŽฏ๐Ÿ”ฅ

๐ŸŸฅ Stop Loss: 3,019.58 (Not hit) โŒ

Gold (XAU/USD) followed the plan perfectly! ๐Ÿ“Š๐Ÿ’ฐ Are you planning to re-enter or wait for a pullback? ๐Ÿ“‰๐Ÿ”

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