XAUUSD Trading Strategy: Sniper Shots, Support & Resistance
XAUUSD Trading Chart Analysis
Support level: 2675
Resistance level: 2709
Today's sniper shot: 2693
Two sniper shorts: 2702
Stop loss: 2675
Key Points:
Support: 2675 – The price has a support level at 2675, which is where you expect the market to potentially reverse upward if it reaches this point.
Resistance: 2709 – The resistance level is at 2709. This is where you expect the price to face upward pressure and possibly reverse if it reaches here.
Sniper Shot (Buy): 2693 – This is your target entry point for a buy position (sniper shot) today. You expect the price to bounce upwards from this level.
Sniper Shorts (Sell): 2702 – You have set two short positions (sell orders) at this price point, anticipating a downward movement after it hits 2702.
Stop Loss: 2675 – Your stop loss is placed at the support level of 2675, which will limit your losses if the market moves against your positions.
Support level: 2675
Resistance level: 2709
Today's sniper shot: 2693
Two sniper shorts: 2702
Stop loss: 2675
Key Points:
Support: 2675 – The price has a support level at 2675, which is where you expect the market to potentially reverse upward if it reaches this point.
Resistance: 2709 – The resistance level is at 2709. This is where you expect the price to face upward pressure and possibly reverse if it reaches here.
Sniper Shot (Buy): 2693 – This is your target entry point for a buy position (sniper shot) today. You expect the price to bounce upwards from this level.
Sniper Shorts (Sell): 2702 – You have set two short positions (sell orders) at this price point, anticipating a downward movement after it hits 2702.
Stop Loss: 2675 – Your stop loss is placed at the support level of 2675, which will limit your losses if the market moves against your positions.
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