Buy opportunity
Signal: Buy
Instrument: Gold CFDs (XAU/USD)
Entry Price: $2,669.86 (current level or slightly better after confirmation)
Stop Loss: $2,651.20 (below recent support and trendline)
Take Profit: $2,791.20 (based on the target zone marked in the chart)
Risk-Reward Ratio: Approximately 1:6
Technical Analysis:
Trendline Breakout: The price has retraced to test a descending trendline as support, which was previously a resistance.
Support Zone: Visible support at $2,659 - $2,651 aligns with historical levels and the current price structure.
Momentum Indicator (SQZMOM_LB): Transitioning from negative (red) to positive (green), indicating bullish momentum is building.
Volume Profile: High volume nodes below current levels suggest strong support.
Instrument: Gold CFDs (XAU/USD)
Entry Price: $2,669.86 (current level or slightly better after confirmation)
Stop Loss: $2,651.20 (below recent support and trendline)
Take Profit: $2,791.20 (based on the target zone marked in the chart)
Risk-Reward Ratio: Approximately 1:6
Technical Analysis:
Trendline Breakout: The price has retraced to test a descending trendline as support, which was previously a resistance.
Support Zone: Visible support at $2,659 - $2,651 aligns with historical levels and the current price structure.
Momentum Indicator (SQZMOM_LB): Transitioning from negative (red) to positive (green), indicating bullish momentum is building.
Volume Profile: High volume nodes below current levels suggest strong support.
GODO Capital Markets
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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.
GODO Capital Markets
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.