It sounds like you're planning a trade on XAU/USD (gold) with a buy entry at 2931 and a target of 2980.
If you're targeting a 50-point movement, that could represent a strong trade, depending on your risk tolerance and market conditions. Be sure to assess other factors such as the current market trend, key levels of support and resistance, as well as any economic or geopolitical events that might affect gold prices.
Are you planning to use stop loss or other risk management tools for this trade?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.