Your XAUUSD trade setup with an entry at 2905, target at 2925, and stop loss at 2895 seems to be riding the bullish trend. Currently, gold is experiencing a slight downward pressure due to easing trade concerns, but it remains supported by a weaker USD.
Some analysts predict a potential rise to 2930, with significant support at the 2900 mark ¹. However, others suggest a possible pullback to 2890-2894, which could be a good opportunity to go long ¹.
Here are some *key levels to watch*:
- *Resistance Levels*: 2925 (your target), 2928-2930, and 2945 ¹
- *Support Levels*: 2895 (your stop-loss), 2885, and 2870-2860 ¹
Keep in mind that trading always involves risk, and it's essential to manage your risk accordingly. Your stop-loss at 2895 seems relatively tight, considering the current market volatility.
What's your next move? Are you looking to take profit or continue riding the trend?
Some analysts predict a potential rise to 2930, with significant support at the 2900 mark ¹. However, others suggest a possible pullback to 2890-2894, which could be a good opportunity to go long ¹.
Here are some *key levels to watch*:
- *Resistance Levels*: 2925 (your target), 2928-2930, and 2945 ¹
- *Support Levels*: 2895 (your stop-loss), 2885, and 2870-2860 ¹
Keep in mind that trading always involves risk, and it's essential to manage your risk accordingly. Your stop-loss at 2895 seems relatively tight, considering the current market volatility.
What's your next move? Are you looking to take profit or continue riding the trend?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.