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XAUUSD GOLD TRADE IDEA READ THE CAPTION FOR DETAILS

This chart represents a short-term technical analysis of Gold Spot (XAU) against the U.S. Dollar (USD) on the 1-hour timeframe from OANDA. Here's the breakdown:

1. Current Price: The price is trading at 2,773.995 USD, showing an increase of +0.69%, indicating upward momentum.


2. Buy Limit Level: The suggested buy limit is set at 2,665 USD, indicating a key support level where buyers may enter if the price retraces.


3. Target Level: The price target is set at 2,800 USD, showing a bullish expectation for the price to rise toward this resistance level.


4. Stop-Loss Level: The stop-loss is placed at 2,754 USD, serving as a risk management point to limit potential losses if the price moves downward.


5. Market Context: The green candles reflect positive buying pressure, with the analysis suggesting a bullish continuation to the target if the price respects the support at the buy limit.



Strategy

The trade plan appears to involve entering at 2,665 USD with a stop-loss at 2,754 USD to manage downside risk, aiming for a potential profit target at 2,800 USD.

עסקה פעילה
הערה
Running 20 pips
הערה
Keep hold
הערה
2800 next target
הערה
90 pips Running keep hold gold will spike up
הערה
Market will open tomorrow
הערה
Next spike to 2800
העסקה בוטלה באופן ידני
Lets wait for confirmation

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