XAU/USD Long Opportunity: Pushing Off From Lower Corridor Border
Greetings traders!
We're currently observing a compelling setup in the XAU/USD pair. The price action is oscillating within a well-defined corridor. Recently, there's been a notable rebound off the corridor's lower boundary, indicating bullish momentum.
Entry Zone:
Our optimal buy-in range is situated between 1846 and 1854.
This zone is derived from recent price behavior and supports that have demonstrated resilience.
Take Profit Targets:
TP1: 1870
The initial take profit target is set at 1870. This aligns with some minor resistances and potential profit-taking zones.
TP2: 1884
Our second target is 1884, corresponding with more robust resistances and historical price action.
TP3: 1894
The final ambitious target is at 1894, which could be reached if bullish momentum sustains and manages to break past earlier resistances.
Stop Loss: 1827
To manage risk effectively, we're placing our stop loss at 1827. This level is strategically positioned below recent lows and provides a buffer against adverse price swings.
In conclusion, the current setup on XAU/USD presents a compelling long opportunity, but as always, exercise caution and employ proper risk management. Good trading, everyone!
We're currently observing a compelling setup in the XAU/USD pair. The price action is oscillating within a well-defined corridor. Recently, there's been a notable rebound off the corridor's lower boundary, indicating bullish momentum.
Entry Zone:
Our optimal buy-in range is situated between 1846 and 1854.
This zone is derived from recent price behavior and supports that have demonstrated resilience.
Take Profit Targets:
TP1: 1870
The initial take profit target is set at 1870. This aligns with some minor resistances and potential profit-taking zones.
TP2: 1884
Our second target is 1884, corresponding with more robust resistances and historical price action.
TP3: 1894
The final ambitious target is at 1894, which could be reached if bullish momentum sustains and manages to break past earlier resistances.
Stop Loss: 1827
To manage risk effectively, we're placing our stop loss at 1827. This level is strategically positioned below recent lows and provides a buffer against adverse price swings.
In conclusion, the current setup on XAU/USD presents a compelling long opportunity, but as always, exercise caution and employ proper risk management. Good trading, everyone!
İşlem aktif
TP 1 reachedİşlem aktif
TP 2 reachedİşlem kapandı: hedefe ulaştı
TP 3 reached
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.