Gold looking shiny! XAU/USD swing long idea – keen to hear your thoughts!

XAU/USDLongSwing1w ago2 views

Trade Setup

Entry Price

2923.00

Stop Loss

2882.00

Take Profit

2984.00

Risk : Reward

1 : 1.49

RiskReward

XAU/USD Bullish Outlook


Alright team, checking out Gold (XAU/USD) today and it's looking pretty sweet for a swing trade. The trend is definitely bullish, with a nice 0.39% gain over the last 24 hours, currently sat around 2931.31. Charts don't lie, and the momentum feels like it's still heading north. We saw it hit a high of 2948.28 today, pulling back a bit, which I think offers a good opportunity.

My Long Setup


I'm eyeing up a long position here for a swing trade. I'm looking for an entry around 2923, ideally if it dips slightly from the current price. My stop loss is set at 2882, keeping it conservative and just below that key 2900 psychological support, and also well clear of the day's low of 2

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