Trade Setup
Entry: 4,166
Stop Loss: 3,940
Target 1: 6,000
Target 2: 8,000
Risk: 226 points
Target 1 Reward: 1,834 points → Risk:Reward ≈ 1:8.1
Target 2 Reward: 3,834 points → Risk:Reward ≈ 1:17.0
Price Action Logic
4,166: Entry aligned with Weekly demand boundary.
3,940: Strong confluence — Monthly + Weekly + Daily demand floor.
Below 3,940: The current bullish setup is invalidated.
6,000: First major upside objective.
8,000: Extended bullish objective.
Trade thesis:
Buy GOLD at 4,166 with SL 3,940. The setup offers asymmetric risk-reward, with 6,000 as T1 and 8,000 as T2. The key condition is that the 3,940 demand zone continues to hold.