Hello Traders,
It looks like you're considering a long position on gold (XAU/USD) based on a combination of key levels and channel analysis. Placing a take profit (TP) around 2047 and setting a stop loss (SL) below the purple zone can be part of a well-thought-out risk management strategy.
Remember to continually monitor the market for any developments that may impact your trade and be prepared to adjust your strategy accordingly. Trading involves risks, and having a clear risk management plan, including predetermined TP and SL levels, is a good practice.
Best of luck with your trade! If you have any further questions or need assistance with anything else, feel free to ask.
Consider the mid-term analysis there is not any strong level until around the 2095, so a move to 2047 is not wired!
Don't forget about small take profits around pivot points
It looks like you're considering a long position on gold (XAU/USD) based on a combination of key levels and channel analysis. Placing a take profit (TP) around 2047 and setting a stop loss (SL) below the purple zone can be part of a well-thought-out risk management strategy.
Remember to continually monitor the market for any developments that may impact your trade and be prepared to adjust your strategy accordingly. Trading involves risks, and having a clear risk management plan, including predetermined TP and SL levels, is a good practice.
Best of luck with your trade! If you have any further questions or need assistance with anything else, feel free to ask.
Consider the mid-term analysis there is not any strong level until around the 2095, so a move to 2047 is not wired!
Don't forget about small take profits around pivot points
Comment:
Comment:
1st tp hit ,close rest now (around the 2035.500)
Trade closed manually:
just a small profit!