#XAUUSD❤️ 4,141 USD Daily VC PMI Buy 1 entry level
4,096–4,098 USD Daily Buy 2 and Weekly Buy 1 confluence zone
4,094 USD Double-bottom neckline; a break below invalidates the pattern
This means that even if gold prices pull back in the short term, buying interest is likely to provide support around 4,141 and 4,096. For a long position at the current price, the stop-loss only needs to be placed below 4,094, limiting the risk. Taking 4,150 as the current price, for example, a stop-loss at 4,090 would mean a risk of about 60 USD; the first upside target is 4,207 USD, offering about 57 USD in potential profit, and the second target is 4,258 USD, offering about 108 USD. The risk-reward ratio is approximately 1:1 to 1:2, making this a worthwhile trade.
4,096–4,098 USD Daily Buy 2 and Weekly Buy 1 confluence zone
4,094 USD Double-bottom neckline; a break below invalidates the pattern
This means that even if gold prices pull back in the short term, buying interest is likely to provide support around 4,141 and 4,096. For a long position at the current price, the stop-loss only needs to be placed below 4,094, limiting the risk. Taking 4,150 as the current price, for example, a stop-loss at 4,090 would mean a risk of about 60 USD; the first upside target is 4,207 USD, offering about 57 USD in potential profit, and the second target is 4,258 USD, offering about 108 USD. The risk-reward ratio is approximately 1:1 to 1:2, making this a worthwhile trade.