Xauusd next target 2667 when market open
Here's a summary of your updated XAU/USD trade plan:
Trade Plan
- _Entry Point_: 2639/2634 (current)
- _Target_: 2667
- _Stop-Loss_: 2627
Market Analysis
The XAU/USD is experiencing a bullish trend, driven by a weakening US dollar and increasing inflation concerns.
Technical Analysis
- _RSI Indicator_: The Relative Strength Index (RSI) is above 50, indicating a bullish momentum.
- _Moving Averages_: The 50-day moving average is trending upwards, supporting the bullish view.
- _Support Levels_: The support levels at 2627 and 2620 could provide a buying opportunity in case of a pullback.
Risk Management
- _Risk-Reward Ratio_: Your risk-reward ratio is approximately 1:3.3, which is relatively aggressive.
- _Position Sizing_: Make sure to adjust your position size according to your risk tolerance and account size.
Trade Progress
You're currently 28-33 pips away from your entry point confirmation. Keep monitoring the market and adjust your strategy as needed.
Stay disciplined and stick to your trade plan. Good luck!
Trade Plan
- _Entry Point_: 2639/2634 (current)
- _Target_: 2667
- _Stop-Loss_: 2627
Market Analysis
The XAU/USD is experiencing a bullish trend, driven by a weakening US dollar and increasing inflation concerns.
Technical Analysis
- _RSI Indicator_: The Relative Strength Index (RSI) is above 50, indicating a bullish momentum.
- _Moving Averages_: The 50-day moving average is trending upwards, supporting the bullish view.
- _Support Levels_: The support levels at 2627 and 2620 could provide a buying opportunity in case of a pullback.
Risk Management
- _Risk-Reward Ratio_: Your risk-reward ratio is approximately 1:3.3, which is relatively aggressive.
- _Position Sizing_: Make sure to adjust your position size according to your risk tolerance and account size.
Trade Progress
You're currently 28-33 pips away from your entry point confirmation. Keep monitoring the market and adjust your strategy as needed.
Stay disciplined and stick to your trade plan. Good luck!
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.