GOLD intraday setup.
This is a trading chart XAU/USD (Gold Spot vs. U.S. Dollar), highlighting potential trade setups.
Support and Resistance Zones: Key horizontal levels drawn.
Entry Zone:
Marked as the potential entry point just above support at 2,649 - 2,645.
Stop-Loss (SL):
Placed below the support at 2,638.030.
Take Profit Levels (TP):
TP1: 2,657.046.
TP2: 2,666.191.
TP3: 2,676.431.
Bullish Scenario:
The price is expected to rebound from the entry zone and move upwards, hitting TP1, TP2, and TP3 successively.
Risk Management:
Stop-loss ensures controlled downside risk if the price moves below the entry zone.
This setup suggests a buy opportunity based on price bouncing off support and targeting resistance levels.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Support and Resistance Zones: Key horizontal levels drawn.
Entry Zone:
Marked as the potential entry point just above support at 2,649 - 2,645.
Stop-Loss (SL):
Placed below the support at 2,638.030.
Take Profit Levels (TP):
TP1: 2,657.046.
TP2: 2,666.191.
TP3: 2,676.431.
Bullish Scenario:
The price is expected to rebound from the entry zone and move upwards, hitting TP1, TP2, and TP3 successively.
Risk Management:
Stop-loss ensures controlled downside risk if the price moves below the entry zone.
This setup suggests a buy opportunity based on price bouncing off support and targeting resistance levels.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
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