On the 30-minute XAU/USD (Gold) chart, I’ve identified a potential long setup based on Fibonacci levels and recent price action.
🔹 Entry: Enter around the current level at $2,556, where we’re seeing signs of support.
🔹 Stop Loss: Place below the recent low near the 1.0 Fibonacci extension level at $2,536. This area has previously acted as support, and a break below could signal a shift in trend.
🔹 Take Profit: Target the 0.25 Fibonacci retracement level at $2,577 or, for a higher target, consider the 0.5 retracement level around $2,597-$2,618. These levels have previously acted as resistance zones, making them logical profit points for a long position.
Ensure this trade aligns with your risk tolerance. With a stop loss set close to support, this setup offers a solid risk-to-reward ratio if the uptrend continues.
Good luck!
🔹 Entry: Enter around the current level at $2,556, where we’re seeing signs of support.
🔹 Stop Loss: Place below the recent low near the 1.0 Fibonacci extension level at $2,536. This area has previously acted as support, and a break below could signal a shift in trend.
🔹 Take Profit: Target the 0.25 Fibonacci retracement level at $2,577 or, for a higher target, consider the 0.5 retracement level around $2,597-$2,618. These levels have previously acted as resistance zones, making them logical profit points for a long position.
Ensure this trade aligns with your risk tolerance. With a stop loss set close to support, this setup offers a solid risk-to-reward ratio if the uptrend continues.
Good luck!
Nota
Dagangan aktif
possible retest $2552 target for entry long.Nota
flag here:Dagangan ditutup: sasaran tercapai
We are close to target profit.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.