Im looking to buy Gold at 3432 with a target of 3500. Here's a quick analysis and trade plan for this idea:
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🟡 Gold Trade Setup
Buy Entry: 3432
Target (Take Profit): 3500
Potential Gain: 68 points
Suggested Stop Loss: Around 3400 (for a 1:2 risk/reward ratio)
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📊 Things to Consider:
1. Trend: Ensure the current market trend supports a bullish move. Look for higher lows and higher highs.
2. Support at 3432: Is this a strong support level? If it’s holding multiple times, it can be a good entry.
3. Resistance at 3500: This could be a psychological or historical resistance. Be ready for partial profit booking near it.
4. News & Events: Watch for U.S. economic data or Fed comments that could impact gold volatility.
5. Risk Management: Don’t risk more than 1-2% of your capital on this trade.
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Would you like a technical chart setup or analysis based on current market conditions to support this trade idea?
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🟡 Gold Trade Setup
Buy Entry: 3432
Target (Take Profit): 3500
Potential Gain: 68 points
Suggested Stop Loss: Around 3400 (for a 1:2 risk/reward ratio)
---
📊 Things to Consider:
1. Trend: Ensure the current market trend supports a bullish move. Look for higher lows and higher highs.
2. Support at 3432: Is this a strong support level? If it’s holding multiple times, it can be a good entry.
3. Resistance at 3500: This could be a psychological or historical resistance. Be ready for partial profit booking near it.
4. News & Events: Watch for U.S. economic data or Fed comments that could impact gold volatility.
5. Risk Management: Don’t risk more than 1-2% of your capital on this trade.
---
Would you like a technical chart setup or analysis based on current market conditions to support this trade idea?
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t.me/+yJ2-qfkocRg1NDlk
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
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.
t.me/+yJ2-qfkocRg1NDlk
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
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.