XAUUSD Potential Long Opportunity
On the 30-minute XAU/USD (Gold) chart, I’ve identified a potential long setup based on Fibonacci levels and recent price action.
🔹 Entry: Enter around the current level at $2,556, where we’re seeing signs of support.
🔹 Stop Loss: Place below the recent low near the 1.0 Fibonacci extension level at $2,536. This area has previously acted as support, and a break below could signal a shift in trend.
🔹 Take Profit: Target the 0.25 Fibonacci retracement level at $2,577 or, for a higher target, consider the 0.5 retracement level around $2,597-$2,618. These levels have previously acted as resistance zones, making them logical profit points for a long position.
Ensure this trade aligns with your risk tolerance. With a stop loss set close to support, this setup offers a solid risk-to-reward ratio if the uptrend continues.
Good luck!
🔹 Entry: Enter around the current level at $2,556, where we’re seeing signs of support.
🔹 Stop Loss: Place below the recent low near the 1.0 Fibonacci extension level at $2,536. This area has previously acted as support, and a break below could signal a shift in trend.
🔹 Take Profit: Target the 0.25 Fibonacci retracement level at $2,577 or, for a higher target, consider the 0.5 retracement level around $2,597-$2,618. These levels have previously acted as resistance zones, making them logical profit points for a long position.
Ensure this trade aligns with your risk tolerance. With a stop loss set close to support, this setup offers a solid risk-to-reward ratio if the uptrend continues.
Good luck!
Note
Transaction en cours
possible retest $2552 target for entry long.
Note
flag here:
Trade fermée: cible de profit atteinte
We are close to target profit.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.