Xauusd next target for today

Distance Calculation for Buy Analysis

Based on the updated chart, the key price levels are:

Resistance Area (Target): 2,940.00

Support Area (Entry Zone): 2,900.00


Distance Calculation:

\text{Distance} = \text{Resistance Level} - \text{Support Level}

= 2,940.00 - 2,900.00 ]

= 40.00 \text{ (points)}

Buy Trade Setup

Entry Point: Around 2,900.00 (Support area)

Target: 2,940.00 (Resistance area)

Potential Profit: 40 points


Risk-Reward Consideration

If placing a stop-loss below support (e.g., at 2,890.00):

Risk: ~10 points

Reward: ~40 points

Risk-Reward Ratio: 1:4 (Favorable for buyers)