XAU/USD: Gearing Up for a Golden Breakout
Hello traders!
Price is currently around $2,333.13, above the 21 EMA indicating potential bullish momentum.
The price has been consolidating and is now breaking above the 21 EMA, suggesting a build-up for a potential upward move.
Key Levels:
Support: $2,322.84, $2,300.00
Resistance: $2,327.63, $2,348.94
Entry Strategy:
Long Position: Look for a strong bullish candle closing above the current price level ($2,333.13) and above the resistance at $2,327.63 for a confirmation of bullish momentum. This would be your entry point for a long position.
🎯 TP1: $2,327.63
TP2: $2,348.94
Stop-Loss: Set your stop-loss just below the support level at $2,322.84 to maintain a solid risk/reward ratio. This will protect you in case the market decides to turn bearish.
Monitor price action closely and adjust your strategy based on real-time market conditions.
Price is currently around $2,333.13, above the 21 EMA indicating potential bullish momentum.
The price has been consolidating and is now breaking above the 21 EMA, suggesting a build-up for a potential upward move.
Key Levels:
Support: $2,322.84, $2,300.00
Resistance: $2,327.63, $2,348.94
Entry Strategy:
Long Position: Look for a strong bullish candle closing above the current price level ($2,333.13) and above the resistance at $2,327.63 for a confirmation of bullish momentum. This would be your entry point for a long position.
🎯 TP1: $2,327.63
TP2: $2,348.94
Stop-Loss: Set your stop-loss just below the support level at $2,322.84 to maintain a solid risk/reward ratio. This will protect you in case the market decides to turn bearish.
Monitor price action closely and adjust your strategy based on real-time market conditions.
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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.
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.