Gold Long Setup off Support with Favorable Risk-to-Reward

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In this setup, you identified a key support zone around the green area (roughly 2811–2812) and planned to enter a long position there. The idea is that price will bounce off this support and push upward toward the next resistance levels (marked in red around 2816–2817). Your take-profit target is placed near the upper resistance area, aiming for a move of about 15 points (0.54%), while your stop-loss is set below the lower support (around 2807), risking roughly 11 points (0.41%). This creates a favorable risk-to-reward ratio. Essentially, you’re looking for a bullish continuation if price holds above support and breaks past the weak resistance, while limiting your downside if the support fails.

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Zlecenie aktywne

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Transakcja zamknięta: osiągnięto wyznaczony cel

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Uwaga

Congratulations 🥳🥳🥳🥳

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Uwaga

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