XAUUSD 15 min analysis- Buy signal with 1:2 RR

Jul 31

I'm recommending a buy for XAU/USD at $2440, with a stop-loss set at $2430 and a take-profit target of $2460 to achieve a 1:2 risk-reward ratio. The 15-minute chart shows a short-term upward trend with solid support at $2440 and resistance around $2450. Volume spikes on upward moves indicate strong buying interest. This trade is supported by the broader bullish trend observed in daily, 4-hour, and 1-hour charts. Keep an eye on economic news and geopolitical events that could impact gold prices.

Aug 5

Trade closed: stop reached