GOLD TRADE 7TH NOV 2024
Gold Price Action Analysis (XAUUSD)
as observed, gold has been holding at a 4-hour order block and recently broke both minor and major resistance zones. this move provided a significant retracement, filling the fair value gap (fvg) where we entered with solid confirmations, achieving a 1:7 risk-reward.
upcoming target and trade outlook:
after this retracement, i’m targeting 2727, where another order block resides. with no major levels in between, this presents a clear path if structure holds.
major confirmations are already in place; now we wait for a healthy retracement to position for the next potential leg up.
note: for more trade ideas like this, please like, follow, and comment. feel free to comment if you’d like live trade updates where i share my entries in real-time.
as observed, gold has been holding at a 4-hour order block and recently broke both minor and major resistance zones. this move provided a significant retracement, filling the fair value gap (fvg) where we entered with solid confirmations, achieving a 1:7 risk-reward.
upcoming target and trade outlook:
after this retracement, i’m targeting 2727, where another order block resides. with no major levels in between, this presents a clear path if structure holds.
major confirmations are already in place; now we wait for a healthy retracement to position for the next potential leg up.
note: for more trade ideas like this, please like, follow, and comment. feel free to comment if you’d like live trade updates where i share my entries in real-time.
Trade fermée: cible de profit atteinte
TP 4 DONE CLOSED
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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.