CHECK XAUUSD ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAIN

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This chart is a trading setup for Gold Spot (XAU/USD) on a 1-hour timeframe, published on TradingView. The setup is based on a buy trade from a key support zone. Here’s a breakdown of the chart:

Key Elements:

1. Entry Point (Buy Zone):

Marked within the blue highlighted zone around 2,918 – 2,920

Expecting price to bounce from this support level



2. Stop Loss:

Placed below the support zone at 2,908

Protects against further downside if the trade goes wrong



3. Take Profit Levels:

Take Profit 1: Around 2,924

Take Profit 2: Around 2,932

Last Target: 2,940 (final target for full exit)



4. Trade Expectation:

Price is anticipated to test the entry zone, then move up towards the profit targets

The risk-reward ratio is positive, aiming for a strong bullish move




Conclusion:

This setup suggests a buying opportunity in gold based on price action and support/resistance levels. The stop loss is well-placed below support, and multiple profit targets allow for partial exits.

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