XAU/USD: Bullish Trend Holding Strong, Targeting 2976. Let's go!

XAU/USDLongSwing8h ago2 views

Trade Setup

Entry Price

2923.00

Stop Loss

2888.00

Take Profit

2976.00

Risk : Reward

1 : 1.51

RiskReward

Gold's Bullish Momentum


Alright legends, let's talk Gold (XAU/USD). The trend here is clearly bullish, and we've seen it push up another 0.34% in the last 24 hours, currently sitting around 2929.85. The recent action has been pretty strong, bouncing off support levels nicely. For this swing trade, I'm looking for a long entry at 2923. That's a decent spot to catch a potential dip within this ongoing upward move, just above the daily low of 2915.07, which is holding up as solid support.

My Setup & Risk Management


My plan is to target 2976 for the take profit

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