XAUUSD 12 September 2024

Aktualisiert
**Market Overview:**
- **1D Chart**: The price is around **$2,513.65**, in a range, and it’s approaching a minor resistance zone near **$2,518-$2,520**.
- **1H Chart**: There’s a support level at **$2,510** based on recent fractal lows and possible accumulation.

**Trade Setup**:

**Order Type**:
- **Buy Limit**: If the price retraces back to the **$2,510** support zone.
- **Market Execution Buy**: If the price stays above **$2,513** and starts to break above **$2,518** (showing momentum).

**Entry Price**:

- **$2,510.00** (if the price dips back to this level for a low-risk entry)
- **$2,518.00** (for market execution if it breaks above the resistance)

**Stop Loss**:
- **$2,505.00** (a safe buffer just below the recent support/fractal low at **$2,510**).

**Take Profit**:
- **$2,530.00**: A high liquidity zone where price tends to react, also near previous resistance levels, providing a reasonable risk/reward ratio.

**Risk-to-Reward Ratio**:
- **Risk**: $5 per ounce
- **Reward**: $20 per ounce (from $2,510 to $2,530)
- **Risk-to-Reward Ratio**: **4:1**

**Trailing Stop Strategy**:
1. **Initial Stop Loss**: Place the stop at **$2,505**.
2. **Move to Break-Even**: If the price moves above **$2,520**, adjust the stop to **$2,510** (break-even).
3. **Trail Stop**: If the price hits **$2,525**, adjust the stop to **$2,518** to lock in profits.

**Idea Recommendation**:
- **Primary Trade**: Buy limit around **$2,510.00** with a stop loss at **$2,505.00** and take profit at **$2,530.00**.
- **Alternative**: If the price breaks above **$2,518**, you can execute a market buy with the same stop-loss strategy.
Trade geschlossen: Ziel wurde erreicht
Target price reached.
There are no new opportunities for our trading style yet. Gold keeps making new ATHs!
Chart PatternsTrend Analysis

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