Chart Of XAU/USD (Gold vs US Dollar) on the 45-minute TimeFrame.

Chart Overview

Symbol: XAU/USD

📈 Trade Setup (Long Position)

1. Entry Point: ~3,323.560 (marked by the green line on the chart)


2. Stop Loss ~3,304.371 (highlighted in red marked as stop loss with a yellow box)


3. Target Point ~3,357.829 (highlighted in blue with a label and arrow pointing upward within a yellow box)


4. Risk-to-Reward Ratio: Appears to be favorable with a tighter stop loss and a wider target range

🔄 Market Pattern

There is a W-shaped recovery pattern visible suggesting a potential reversal from a recent downtrend

The marked zones and arrow indicate a bullish trade setup, anticipating upward movement

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