Buy Opportunity
Gold (XAU/USD) Bullish Signal – Potential Long Opportunity
Instrument: Gold (XAU/USD)
Timeframe: 4H
📈 Entry: $2,648.50
🎯 Target: $2,720.50 (+2.72%)
🛑 Stop Loss: $2,619.20 (-1.10%)
Risk-Reward Ratio: 2.46
Analysis:
The price has bounced from a significant support zone at $2,619.20, indicating strong buying interest.
Volume Profile shows a high activity area, validating the $2,648-$2,650 range as a favorable entry point.
Momentum indicators suggest potential bullish continuation, with upward momentum growing (visible in the green histogram).
Instrument: Gold (XAU/USD)
Timeframe: 4H
📈 Entry: $2,648.50
🎯 Target: $2,720.50 (+2.72%)
🛑 Stop Loss: $2,619.20 (-1.10%)
Risk-Reward Ratio: 2.46
Analysis:
The price has bounced from a significant support zone at $2,619.20, indicating strong buying interest.
Volume Profile shows a high activity area, validating the $2,648-$2,650 range as a favorable entry point.
Momentum indicators suggest potential bullish continuation, with upward momentum growing (visible in the green histogram).
GODO Capital Markets
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