Buy opportunity

Trade Setup for XAU/USD (Gold CFDs)
Key Details:
Chart Timeframe: 4-hour
Current Price (Entry): 2,658.04 USD
Indicators Used: EMA (252) and EMA (756)
Trade Parameters:
Position Type: Long (Buy)
Entry: 2,658.04 USD
Stop Loss (SL):
Placed below the most recent support level at 2,633.35 USD to allow for minor pullbacks without compromising the setup.
Stop Loss: 2,630.00 USD
Risk per trade: 28.04 USD per ounce
Take Profit (TP):
Placed near the resistance level of 2,720.657 USD (visible target on your chart) to secure profits at a logical exit point.
Take Profit: 2,720.00 USD
Reward per trade: 61.96 USD per ounce
Risk/Reward Ratio:
R:R = 1:2.21 (Reward is more than twice the risk, meeting professional standards for a high-probability trade)