XAU/USD Trade Setup 27 - Feb - 2024


Daily Chart

   Daily Chart Analysis:

   Daily Chart Trend : Up

   Price above EMA 100, MACD is UP, Sywa Line Indicator Pointing Up.

   Trading Direction : BUY





 H4 CHART TREND: UP, Price Above EMA 100, MACD above 0 and Signal is Up

 Price is at the near term resistance, consider to wait or entry at smaller time frame.

 Stop Loss should be below the EMA 100 (Yellow Line)



 This is the BUY entry for the setup, the entry is not quite accurate because its using the Market Order.

 Target Profit is just slightly below the Resistance Level.

StopLoss is 2 times ATR below the last Bottom Fractal.