XAU/USD Buy Strategy Alert - 4H Chart
Hey traders, here’s the scoop on XAU/USD:
✅ Entry: We’re eyeing a breakout strategy. The current consolidation around the 4-hour support at approximately $2,330.39 could be our chance. A strong break and close above this level, has signal a potential move higher.
❌ Stop Loss: To manage risk, place a stop loss just below the support level at around $2,328.00, ensuring we're out if the breakout doesn't hold.
🎯 Target 1: The first profit target can be set near the next resistance level at $2,376.70, offering a reasonable risk-reward from our entry point.
Monitor price action closely near these critical levels for any signs of reversal, and as always, adjust your strategy based on real-time market conditions. Let’s catch these moves and trade smart!
✅ Entry: We’re eyeing a breakout strategy. The current consolidation around the 4-hour support at approximately $2,330.39 could be our chance. A strong break and close above this level, has signal a potential move higher.
❌ Stop Loss: To manage risk, place a stop loss just below the support level at around $2,328.00, ensuring we're out if the breakout doesn't hold.
🎯 Target 1: The first profit target can be set near the next resistance level at $2,376.70, offering a reasonable risk-reward from our entry point.
Monitor price action closely near these critical levels for any signs of reversal, and as always, adjust your strategy based on real-time market conditions. Let’s catch these moves and trade smart!
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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.