Daily Price Outlook

Gold price (XAU/USD) extended its four-day upward rally and surged to an all-time high, above the $2,100 mark. However, the surge in gold prices was mainly driven by bets that the Federal Reserve (Fed) will start cutting interest rates in June, which undermined the US dollar and contributed to the gains in gold. Furthermore, previously released downbeat US economic data put further pressure on the US dollar, which is good for gold prices. In addition to this, the further escalation of geopolitical tensions in the Middle East was seen as another key factor that lent some support to safe-haven gold prices.

Potential Rate Cuts and Market Concerns Lead to US Dollar Depreciation and Gold Surge

On the US front, the broad-based US dollar failed to halt its declining rally and remained bearish due to Friday's disappointing US macro data, along with less hawkish comments by Federal Reserve officials. These factors bolstered bets for a June rate cut and pushed the gold price above the $2,110 mark. On the data front, recent data shows a faster-than-expected contraction in US manufacturing, with the ISM Manufacturing Index dropping to 47.8. Consumer sentiment, as measured by the University of Michigan, fell short of expectations. These indicators suggest ongoing challenges for economic growth.

Although, the losses in the US dollar could fade shortly as the escalation of geopolitical tensions in the Middle East could provide some support to the US dollar as a safe-haven asset. Moving on, traders seem cautious to place any strong position ahead of the week's important US macro releases, including the closely watched Nonfarm Payrolls (NFP). Moreover, investors are closely monitoring Fed Chair Jerome Powell's two-day testimony for additional insights into the direction of interest rates, as well as key US macroeconomic data, to gauge the next potential move for XAU/USD.

Geopolitical Tensions Boost Gold's Safe-Haven Appeal

On the geopolitical front, escalating tensions in the Middle East are boosting demand for safe-haven precious metals. Israeli forces fired on Palestinians awaiting aid in Gaza City. The UN is warning that without more funding, things could get much worse. Poor nutrition and not enough medical care have led to the deaths of 16 children in Gaza. A UN team found signs of sexual violence during an attack on Israel but is calling for a ceasefire. Since October 7, Israeli attacks on Gaza have hurt over 30,000 Palestinians, while Hamas attacks in Israel have killed 1,139 people.

GOLD (XAU/USD) - Technical Analysis

Gold's modest uptick on March 5th, trading at $2114.875, shows a tightrope walk between gains and resistance. The precious metal's performance, marked by a mere 0.04% increase, positions it within a battleground of technical indicators and key price levels, as per the observed trading patterns.

The pivot point at $2066 serves as a crucial juncture, below which the immediate support levels at $2043, $2001, and $1977 outline potential fallbacks. Conversely, resistance levels await at $2108, $2128, and $2169, hinting at barriers gold must overcome to sustain upward momentum. Such dynamics underscore the metal's sensitivity to market fluctuations and investor sentiment, reflected in the technical outlook.

The RSI, peaking at 82, signals an overbought condition, suggesting cautious optimism among traders. Meanwhile, the MACD's value at 4.9 against a signal of 20.479 possibly indicates a disparity between immediate price actions and longer-term market trends. The 50-day EMA at 2098 reinforces a bullish undertone, yet the strategy to sell below $2120 with a take-profit at $2100 and a stop loss at $2129 acknowledges the immediate pressure points and potential pullback zones.

In essence, gold's current market positioning underscores a nuanced balance between bullish prospects and the need for strategic caution, given the looming resistances and overbought signals. As the market awaits further cues, the overarching narrative is one of vigilance and measured optimism.

Daily Price Outlook

Gold's modest uptick on March 5th, trading at $2114.875, shows a tightrope walk between gains and resistance. The precious metal's performance, marked by a mere 0.04% increase, positions it within a battleground of technical indicators and key price levels, as per the observed trading patterns.

The pivot point at $2066 serves as a crucial juncture, below which the immediate support levels at $2043, $2001, and $1977 outline potential fallbacks. Conversely, resistance levels await at $2108, $2128, and $2169, hinting at barriers gold must overcome to sustain upward momentum. Such dynamics underscore the metal's sensitivity to market fluctuations and investor sentiment, reflected in the technical outlook.

The RSI, peaking at 82, signals an overbought condition, suggesting cautious optimism among traders. Meanwhile, the MACD's value at 4.9 against a signal of 20.479 possibly indicates a disparity between immediate price actions and longer-term market trends. The 50-day EMA at 2098 reinforces a bullish undertone, yet the strategy to sell below $2120 with a take-profit at $2100 and a stop loss at $2129 acknowledges the immediate pressure points and potential pullback zones.

In essence, gold's current market positioning underscores a nuanced balance between bullish prospects and the need for strategic caution, given the looming resistances and overbought signals. As the market awaits further cues, the overarching narrative is one of vigilance and measured optimism.

GOLD - Trade Ideas

Entry Price – Sell Below 2120

Take Profit – 2100

Stop Loss – 2129

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$2000/ -$900

Profit & Loss Per Mini Lot = +$200/ -$90

Daily Outlook

The current technical outlook for gold (XAU/USD) on March 4th reveals a slight downtrend, with the price at $2081.125, marking a 0.10% decrease. The commodity is navigating a cautious path below its pivot point of $2086.70, indicating potential resistance ahead. The key resistance levels to watch are at $2098.43, $2108.83, and $2117.94, which if breached, could signal a bullish reversal. Conversely, immediate support is found at $2073.10, with further cushions at $2064.30 and $2050.70, suggesting areas where declines might find a floor.

Technical indicators provide a more nuanced view. The Relative Strength Index (RSI) stands at 77, hinting at overbought conditions that could precipitate a pullback. The formation of an inverted hammer pattern on the 4-hour timeframe reinforces this bearish outlook, suggesting potential for a correction. Moreover, the 50-Day Exponential Moving Average (EMA) at $2040.07 offers underlying support, highlighting a significant gap between current prices and the medium-term trend line.

Given these observations, the strategy leans towards a bearish bias with a recommended entry price for selling below $2085. Targets for taking profit and stopping losses are set at $2069 and $2098, respectively. This approach underscores a cautious stance in the short term, advising traders to watch for potential shifts around pivotal levels that could dictate the next phase in gold's price trajectory.

GOLD - Trade Ideas

Entry Price – Sell Below 2085

Take Profit – 2069

Stop Loss – 2098

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$1600/ -$1300

Profit & Loss Per Mini Lot = +$160/ -$130

Daily Price Outlook

Despite the mixed performance of US dollar, the gold price (XAU/USD) failed to stop its subdued movement and remained well-offered around $2,080. However, the sluggish movement in the gold price is driven by the risk-on market sentiment, which tends to undermine the safe-haven gold price. On the flip side, the US dollar is losing its traction following the release of Friday's disappointing US macro data and less hawkish remarks by Federal Reserve officials. This was seen as a key factor that could cap further losses in the gold price.

Impact of U.S. Macroeconomic Data and Federal Reserve Comments on Gold Price and U.S. Dollar

On the US front, the US Dollar is struggling due to disappointing macro data released on Friday. Meanwhile, Federal Reserve officials' less hawkish comments are also weighing on the currency, boosting the price of Gold. On the data front, the latest ISM survey indicates a faster contraction in US manufacturing activity in February than expected. In the meantime, the employment in the sector dropped to a seven-month low. Whereas, the ISM Manufacturing Index fell to 47.8 from January's 49.1, with the New Orders Index declining to 49.2. Moreover, the Prices Paid Index dipped to 52.5 from 52.9. The University of Michigan's Consumer Sentiment Index also fell short, dropping to 76.9 in February.

Furthermore, Chicago Federal Reserve President Austan Goolsbee indicate concerns about tight monetary policy, while Dallas Fed President Lorie Logan suggested slowing down the shrinking of the balance sheet. Fed Governor Adriana Kugler expects progress in combating disinflation, and Richmond Fed President Thomas Barkin anticipates a decrease in overall inflation in the coming months. Additionally, Fed Governor Christopher Waller expressed interest in increasing the central bank's holdings of short-term Treasuries, which could push down US Treasury bond yields.

Therefore, the struggling US Dollar and less hawkish Fed remarks are lifting Gold prices. Meanwhile, the disappointing US macro data, particularly in manufacturing and sentiment, further boosts Gold's appeal amid economic uncertainty.

Impact of Risk-On Market Sentiment on Gold Price and U.S. Stock Index Futures

On the other hand, the risk-on market sentiment was seen as a key factor that kept the lid on any additional gains in the gold price. U.S. stock index futures remained relatively unchanged on Monday, signaling a potential slowdown in the record-breaking rally as investors await updates on monetary policy and the Presidential Election. However, the S&P 500 Futures edged down 0.1% to 5,141.75 points, while Nasdaq 100 Futures stabilized at 18,340.50 points, and Dow Jones Futures dipped 0.1% to 39,098.0 points but still flashing green, which indicate risk-on mood in the market possibly due to AI-led tech stock gains and expectations of early interest rate cuts.

Therefore, the risk-on market sentiment, coupled with expectations of early interest rate cuts and AI-led tech stock gains, limited additional gains in the gold price amidst relatively stable U.S. stock index futures.

GOLD (XAU/USD) - Technical Analysis

The current technical outlook for gold (XAU/USD) on March 4th reveals a slight downtrend, with the price at $2081.125, marking a 0.10% decrease. The commodity is navigating a cautious path below its pivot point of $2086.70, indicating potential resistance ahead. The key resistance levels to watch are at $2098.43, $2108.83, and $2117.94, which if breached, could signal a bullish reversal. Conversely, immediate support is found at $2073.10, with further cushions at $2064.30 and $2050.70, suggesting areas where declines might find a floor.

Technical indicators provide a more nuanced view. The Relative Strength Index (RSI) stands at 77, hinting at overbought conditions that could precipitate a pullback. The formation of an inverted hammer pattern on the 4-hour timeframe reinforces this bearish outlook, suggesting potential for a correction. Moreover, the 50-Day Exponential Moving Average (EMA) at $2040.07 offers underlying support, highlighting a significant gap between current prices and the medium-term trend line.

Given these observations, the strategy leans towards a bearish bias with a recommended entry price for selling below $2085. Targets for taking profit and stopping losses are set at $2069 and $2098, respectively. This approach underscores a cautious stance in the short term, advising traders to watch for potential shifts around pivotal levels that could dictate the next phase in gold's price trajectory.

Daily Outlook

In today's analysis of GOLD's daily technical outlook on March 1st, the market showcases a resilience, with GOLD trading at $2046.40, marking a modest uptick of 0.10% over the last 24 hours. This observation is based on a 4-hour chart timeframe, offering insights into short-term price movements. Critical price levels have been identified to guide traders: the pivotal point is positioned at $2043.00, acting as a focal point for market direction. Immediate resistance barriers are noted at $2050.64, $2057.94, and $2065.44, while crucial support thresholds stand at $2036.85, $2028.10, and $2016.76, delineating potential areas of price reversal or continuation.

Examining technical indicators provides further context. The Relative Strength Index (RSI) at 63 suggests a balanced momentum in the market, not excessively overbought or oversold. Additionally, the 50-day Exponential Moving Average (EMA) at $2031.05 serves as a dynamic support level, reinforcing the bullish sentiment prevalent in the market.

Considering these factors collectively, the overall trend for GOLD appears bullish. Traders may find opportunities to enter long positions above the pivot point of $2043.00, anticipating further price appreciation. A prudent approach would involve setting a take-profit target at $2056 to capture potential gains, while simultaneously implementing a stop-loss order at $2035 to mitigate downside risk.

Gold - Trade Ideas

Entry Price – Buy Above 2043

Take Profit – 2056

Stop Loss – 2035

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$1300/ -$800

Profit & Loss Per Mini Lot = +$130/ -$80

Daily Price Outlook

Despite the bearish US dollar, the gold price (XAU/USD) failed to gain much traction and consolidated below the one-month top of $2,040. The sluggish movement in the gold price was being driven by the risk-on market sentiment, which tends to undermine the safe-haven gold price. In contrast to this, the US dollar is losing its traction following the release of the US Personal Consumption Expenditures (PCE) Price Index, which opens the door for a potential interest rate cut by the Federal Reserve (Fed). This is negative for the dollar as it suggests potential interest rate cuts by the Federal Reserve and lends some support to the gold price.

Impact of Federal Reserve Policy and Inflation Data on Gold Price

On the US front, recent data shows that inflation in January was the lowest in three years, possibly leading to an eventual interest rate cut by the Federal Reserve. However, influential Fed members suggest they'll wait until June before cutting rates, which supports higher Treasury bond yields and limits the downside for the US dollar and gold prices. On the data front, the Core US PCE Price Index, excluding food and energy, rose slightly in January, but the yearly rate eased to 2.4%. Market bets still indicate a chance of an interest rate cut in June, backed by comments from Fed officials like Atlanta Fed President Raphael Bostic and New York Fed President John Williams, though others emphasize the strength of the US economy and see no urgent need for rate cuts.

Therefore, the possibility of an eventual interest rate cut by the Federal Reserve, along with lower inflation and supportive comments from some Fed officials, could be positive for the gold price.

Impact of Risk-On Market Sentiment on Gold Price amid Stock Market Surge

On the other hand, the risk-on market sentiment was seen as a key factor that kept the lid on any additional gains in the gold price. It should be noted that the S&P 500 and Nasdaq Composite surged to record highs in February as investors welcomed upbeat economic data and awaited further signs of easing inflation, bolstering confidence in the stock market. Therefore, the factors driving the S&P 500's surge, including upbeat economic data and easing inflation concerns, may reduce demand for gold as a safe-haven asset, potentially exerting downward pressure on its price.

GOLD (XAU/USD) - Technical Analysis

In today's analysis of GOLD's daily technical outlook on March 1st, the market showcases a resilience, with GOLD trading at $2046.40, marking a modest uptick of 0.10% over the last 24 hours. This observation is based on a 4-hour chart timeframe, offering insights into short-term price movements. Critical price levels have been identified to guide traders: the pivotal point is positioned at $2043.00, acting as a focal point for market direction. Immediate resistance barriers are noted at $2050.64, $2057.94, and $2065.44, while crucial support thresholds stand at $2036.85, $2028.10, and $2016.76, delineating potential areas of price reversal or continuation.

Examining technical indicators provides further context. The Relative Strength Index (RSI) at 63 suggests a balanced momentum in the market, not excessively overbought or oversold. Additionally, the 50-day Exponential Moving Average (EMA) at $2031.05 serves as a dynamic support level, reinforcing the bullish sentiment prevalent in the market.

Considering these factors collectively, the overall trend for GOLD appears bullish. Traders may find opportunities to enter long positions above the pivot point of $2043.00, anticipating further price appreciation. A prudent approach would involve setting a take-profit target at $2056 to capture potential gains, while simultaneously implementing a stop-loss order at $2035 to mitigate downside risk.

Daily Price Outlook 

Gold's price on February 29 edged higher by 0.07%, marking a subtle increase to $2035.805. This incremental rise reflects a cautiously optimistic sentiment among investors, as gold continues to be a focal point in the financial markets amidst ongoing global economic uncertainties.

The pivot point for gold is established at $2025.07, providing a baseline for the day's trading dynamics. Resistance levels are identified at $2040.44, $2053.29, and $2065.71, outlining potential ceilings that gold prices might encounter should the upward momentum persist. Conversely, support levels are placed at $2016.41, $2001.46, and $1988.19, indicating key thresholds where buying interest could re-emerge, potentially stabilizing prices.

The Relative Strength Index (RSI) at 55 suggests a balanced market condition, leaning slightly towards a bullish bias without entering overbought territory. The 50-day Exponential Moving Average (EMA) at 2028.050 closely aligns with the current price, further reinforcing the gold market's current stability and slight bullish inclination.

Gold - Trade Ideas

Entry Price – Buy Above 2032

Take Profit – 2044

Stop Loss – 2022

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$1200/ -$1000

Profit & Loss Per Mini Lot = +$120/ -$100

Daily Price Outlook

Despite the recent strength of the US dollar and the Fed’s higher-for-longer interest rates narrative, gold prices (XAU/USD) extended their upward trajectory and remained steady above the $2,035 level. This rise was attributed to prolonged tensions in the Middle East, which bolstered the appeal of safe-haven assets such as gold. In the meantime, cautious sentiment prevails in the market ahead of the release of the US Personal Consumption Expenditures (PCE) Price Index, which could provide cues about the Federal Reserve's rate-hike path. This keeps investors cautious, leading them to invest in gold as a safe-haven asset.

In contrast to this, the Fed's hawkish outlook on interest rates was seen as a key factor that capped further gains in the gold price. Furthermore, the second estimate of US GDP growth for Q4 showed a 3.2% rise, slightly lower than the original 3.3%, but still signals economic strength. Hence, the positive US GDP growth indicates a hawkish stance from the Fed regarding rate cuts. As a result, the US dollar gained momentum and remained steady.

Investors are awaiting the US Personal Consumption Expenditures (PCE) Price Index. Meanwhile, the release of Weekly Initial Jobless Claims, the Chicago PMI, and Pending Home Sales, which, along with Fed speak, will also be in the spotlight.

US Federal Reserve Outlook and GDP Data Impact on Monetary Policy and Market Dynamics

On the US front, Federal Reserve officials stressed the need to tackle inflation further, signaling that interest rates may stay higher for longer. New York Fed President John Williams suggested rate cuts might start in 2024, likely in the second half, as inflation hits its 2% target unevenly. Atlanta Fed President Raphael Bostic expressed a preference for patience in policy adjustments, underscoring that the battle against inflation isn't won yet. Meanwhile, Boston Fed Bank President Susan Collins indicated a likelihood of rate cuts this year but stressed the importance of data assessment before any policy changes are made.

On the data front, the second estimate of US GDP growth released on Wednesday showed that the economy grew by 3.2% in the fourth quarter, just a bit lower than the initial report of 3.3%. This data suggests that the US economy is still doing well overall. However, it reinforced hawkish Fed expectations, which tend to strengthen the US dollar and lower gold prices.

Geopolitical Tensions in Gaza: Impact on Stock Market and Safe-Haven Assets

On the geopolitical front, Israeli airstrikes and shelling hit Nuseirat, Bureij, and Khan Younis camps in Gaza, resulting in at least 30 deaths. According to the Gaza Health Ministry and MSF, Save the Children, a charity organization for children, warns of a slow-motion mass killing of children in Gaza. Six children in north Gaza died from dehydration and malnutrition, with Gaza's healthcare system on the brink of collapse. Samantha Power of USAID stresses the urgent need for more aid to Gaza. Since October 7, Israeli attacks in Gaza have left nearly 30,000 people injured and over 70,000 displaced, while 1,139 have died in Israel.

Therefore, this news is likely to have a negative impact on risk sentiment in the stock market and may boost safe-haven assets like gold due to increased geopolitical tensions and uncertainty.

GOLD (XAU/USD) - Technical Analysis

Gold's price on February 29 edged higher by 0.07%, marking a subtle increase to $2035.805. This incremental rise reflects a cautiously optimistic sentiment among investors, as gold continues to be a focal point in the financial markets amidst ongoing global economic uncertainties.

The pivot point for gold is established at $2025.07, providing a baseline for the day's trading dynamics. Resistance levels are identified at $2040.44, $2053.29, and $2065.71, outlining potential ceilings that gold prices might encounter should the upward momentum persist. Conversely, support levels are placed at $2016.41, $2001.46, and $1988.19, indicating key thresholds where buying interest could re-emerge, potentially stabilizing prices.

The Relative Strength Index (RSI) at 55 suggests a balanced market condition, leaning slightly towards a bullish bias without entering overbought territory. The 50-day Exponential Moving Average (EMA) at 2028.050 closely aligns with the current price, further reinforcing the gold market's current stability and slight bullish inclination.

Daily Price Outlook

Despite the recent strength of the US dollar, Gold prices (XAU/USD) continued to gain support and remained well bid around above the $2,030 level. However, this rise was attributed to long-lasting tensions in the Middle East, which bolstered the appeal of safe-haven assets such as gold. On the flip side, the US dollar gained momentum due to the Federal Reserve's hawkish stance on interest rates. This could cap gains in the gold price. Besides this, the risk-on market sentiment, supported by the Federal Reserve's hawkish outlook, was seen as another key factor that kept the lid on any additional gains in the gold price.

Looking forward, Investors are awaiting the release of the Preliminary US GDP print as well as upcoming speeches by influential FOMC members, will play a key role in driving USD demand and creating meaningful trading opportunities around XAU/USD. Moreover, the US Personal Consumption Expenditures Price Index will be in the spotlight.

Powell's Rate Cut Signals and Economic Indicators Impacting Gold Prices

On the US front, the Federal Reserve's recent meeting minutes and comments from officials suggest they're not in a rush to cut interest rates. This decision tends to strengthen the US dollar but can lower gold prices. However, the decrease in US bond yields, the possibility of a government shutdown, and disappointing Durable Goods Orders could weaken the dollar's strength and helps the gold price to stay bid.

On the data front, US manufactured goods orders fell by 6.1% in January, the sharpest drop in nearly four years. The Consumer Sentiment Index also fell to 106.7 for February, despite lower inflation expectations. In the meantime, the Richmond Fed's Manufacturing Index improved to -5 in February from -15, marking the fourth consecutive month of negative readings.

Therefore, the Federal Reserve's decision not to rush interest rate cuts tends to strengthen the US dollar and lower gold prices. Other factors like lower bond yields and economic data can also impact gold prices.

Geopolitical Rumors and Economic Concerns Shape Gold Prices

On the geopolitical front, the ongoing talks between Israel and Hamas about ceasefire were uncertain, indicating ongoing tensions. However, the Iran-backed Houthi group continued targeting civilian ships in the Red Sea, posing a threat to maritime security. Meanwhile, Gaza faced a humanitarian crisis, with limited access for aid organizations, and one-quarter of its population going hungry.

President Biden urged Congress to support Israel's defense and sought to cut funds to the UN agency for Palestinian refugees (UNRWA). Israeli attacks on Gaza resulted in thousands of deaths and tens of thousands of injuries. Therefore, the geopolitical tensions, particularly in the Middle East, often lead to increased investor uncertainty and risk aversion, potentially boosting demand for safe-haven assets like gold, consequently impacting its price.

GOLD (XAU/USD) - Technical Analysis

Gold's trading session concludes with a marginal uptick, marking a 0.05% rise to settle at $2030.56, reflecting the market's oscillation within a tightly bound spectrum. This subtle movement underscores the investors' wait-and-see approach, particularly as they anticipate forthcoming economic data that could sway Federal Reserve policy decisions.

The pivot point for the day is pegged at $2028.69, delineating a fine line between bullish and bearish territories. Resistance levels are staged at $2041.30, $2053.29, and $2065.71, which could act as ceilings for any upward momentum. Conversely, support is found at $2016.41, with further cushions at $2001.46 and $1988.19, marking potential zones where buyers might emerge.

Technical indicators reveal a nuanced picture: the Relative Strength Index (RSI) hovers at 51, indicating a neutral market sentiment, while the crossing below the 50-day Exponential Moving Average (EMA) at $2026.48 suggests potential bearish undertones. This development hints at a possible shift towards a selling trend if gold prices dip below the strategic level of $2029.

Given the technical landscape and prevailing market conditions, a cautious approach is recommended. Traders might consider a sell strategy below $2029, with an eye towards a take profit target at $2020 and a stop loss positioned at $2037, to navigate the anticipated fluctuations effectively.

Daily Price Outlook 

Gold's trading session concludes with a marginal uptick, marking a 0.05% rise to settle at $2030.56, reflecting the market's oscillation within a tightly bound spectrum. This subtle movement underscores the investors' wait-and-see approach, particularly as they anticipate forthcoming economic data that could sway Federal Reserve policy decisions.

The pivot point for the day is pegged at $2028.69, delineating a fine line between bullish and bearish territories. Resistance levels are staged at $2041.30, $2053.29, and $2065.71, which could act as ceilings for any upward momentum. Conversely, support is found at $2016.41, with further cushions at $2001.46 and $1988.19, marking potential zones where buyers might emerge.

Technical indicators reveal a nuanced picture: the Relative Strength Index (RSI) hovers at 51, indicating a neutral market sentiment, while the crossing below the 50-day Exponential Moving Average (EMA) at $2026.48 suggests potential bearish undertones. This development hints at a possible shift towards a selling trend if gold prices dip below the strategic level of $2029.

Given the technical landscape and prevailing market conditions, a cautious approach is recommended. Traders might consider a sell strategy below $2029, with an eye towards a take profit target at $2020 and a stop loss positioned at $2037, to navigate the anticipated fluctuations effectively.

Gold - Trade Ideas

Entry Price – Sell Below 2029

Take Profit – 2020

Stop Loss – 2037

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$900/ -$800

Profit & Loss Per Mini Lot = +$90/ -$80