Xauusd update target 2785??

Here's a summary of your updated XAU/USD trade plan:

Trade Plan
- *Entry Point*: 2750 (current)
- *Target*: 2784
- *Stop-Loss*: 2740

Market Analysis
The XAU/USD is experiencing a bullish trend, driven by a weakening US dollar and increasing inflation concerns.

Technical Analysis
- *RSI Indicator*: The Relative Strength Index (RSI) is above 50, indicating a bullish momentum.
- *Moving Averages*: The 50-day moving average is trending upwards, supporting the bullish view.
- *Support Levels*: The support levels at 2740 and 2730 could provide a buying opportunity in case of a pullback.

Risk Management
- *Risk-Reward Ratio*: Your risk-reward ratio is approximately 1:4.4, which is relatively aggressive.
- *Position Sizing*: Make sure to adjust your position size according to your risk tolerance and account size.

Trade Progress
You're currently 34 pips away from your target. Keep monitoring the market and adjust your strategy as needed.

Stay disciplined and stick to your trade plan. Good luck!