FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

GOLD/Золото/XAUUSD Trading activity continues to show potential for growth. There is currently a chance to reach the target maximum at 4549.86+/- and possibly set a new historical record. The price on the H4 candle closed above the inner swing extreme of 4500.59+/-, indicating a good entry point for buying. However, I wouldn't risk opening long positions at the moment. There is a high probability of another manipulation before the rise to gather liquidity volume. Below lies a liquidity area in the form of FVG H4 with a level of 4482.82+/-. This is an ideal entry point with a stop-loss at 4476.02+/-. The risk-to-reward ratio will be favorable — more than 1 to 5, which is attractive for such a volatile asset. I will monitor the situation and wait for the market to open. If there is no correction, buying can be considered upon the high of the previous candle being updated — 4517.24+/-.