NeptenFX

XAU/USD 19.09.2023

Lång
FOREXCOM:XAUUSD   Guld / USA-dollar
XAUUSD
Hello traders,

Today, I'm actively seeking buy positions in the 1926 area for gold. My initial target is 1937, and if we manage to break through that level, I anticipate a potential rise all the way up to 1942. To manage risk, I'll set my stop loss just below the last low and under the trendline, approximately at 1922. This would offer a favorable risk-reward ratio of around 1:5.

Always keep an eye on the news, as it can have a significant impact on market dynamics. Incorporating news analysis into your trading strategy is essential for informed decision-making.

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