GOLD TRADE 7TH NOV 2024
Updated
Gold Price Action Analysis (XAUUSD)
as observed, gold has been holding at a 4-hour order block and recently broke both minor and major resistance zones. this move provided a significant retracement, filling the fair value gap (fvg) where we entered with solid confirmations, achieving a 1:7 risk-reward.
upcoming target and trade outlook:
after this retracement, i’m targeting 2727, where another order block resides. with no major levels in between, this presents a clear path if structure holds.
major confirmations are already in place; now we wait for a healthy retracement to position for the next potential leg up.
note: for more trade ideas like this, please like, follow, and comment. feel free to comment if you’d like live trade updates where i share my entries in real-time.
as observed, gold has been holding at a 4-hour order block and recently broke both minor and major resistance zones. this move provided a significant retracement, filling the fair value gap (fvg) where we entered with solid confirmations, achieving a 1:7 risk-reward.
upcoming target and trade outlook:
after this retracement, i’m targeting 2727, where another order block resides. with no major levels in between, this presents a clear path if structure holds.
major confirmations are already in place; now we wait for a healthy retracement to position for the next potential leg up.
note: for more trade ideas like this, please like, follow, and comment. feel free to comment if you’d like live trade updates where i share my entries in real-time.
Trade closed: target reached
TP 4 DONE CLOSED
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