Xauusd next target 2667 when market open
Here's a summary of your updated XAU/USD trade plan:
Trade Plan
- _Entry Point_: 2639/2634 (current)
- _Target_: 2667
- _Stop-Loss_: 2627
Market Analysis
The XAU/USD is experiencing a bullish trend, driven by a weakening US dollar and increasing inflation concerns.
Technical Analysis
- _RSI Indicator_: The Relative Strength Index (RSI) is above 50, indicating a bullish momentum.
- _Moving Averages_: The 50-day moving average is trending upwards, supporting the bullish view.
- _Support Levels_: The support levels at 2627 and 2620 could provide a buying opportunity in case of a pullback.
Risk Management
- _Risk-Reward Ratio_: Your risk-reward ratio is approximately 1:3.3, which is relatively aggressive.
- _Position Sizing_: Make sure to adjust your position size according to your risk tolerance and account size.
Trade Progress
You're currently 28-33 pips away from your entry point confirmation. Keep monitoring the market and adjust your strategy as needed.
Stay disciplined and stick to your trade plan. Good luck!
Trade Plan
- _Entry Point_: 2639/2634 (current)
- _Target_: 2667
- _Stop-Loss_: 2627
Market Analysis
The XAU/USD is experiencing a bullish trend, driven by a weakening US dollar and increasing inflation concerns.
Technical Analysis
- _RSI Indicator_: The Relative Strength Index (RSI) is above 50, indicating a bullish momentum.
- _Moving Averages_: The 50-day moving average is trending upwards, supporting the bullish view.
- _Support Levels_: The support levels at 2627 and 2620 could provide a buying opportunity in case of a pullback.
Risk Management
- _Risk-Reward Ratio_: Your risk-reward ratio is approximately 1:3.3, which is relatively aggressive.
- _Position Sizing_: Make sure to adjust your position size according to your risk tolerance and account size.
Trade Progress
You're currently 28-33 pips away from your entry point confirmation. Keep monitoring the market and adjust your strategy as needed.
Stay disciplined and stick to your trade plan. Good luck!
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TETEGRAM SIGNALS AMAZING SIGNALS SUBSCRIBE 🆓👇👇👇
t.me/+JYU25gSKyEA3Njdk
t.me/+JYU25gSKyEA3Njdk
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.