📊 Gold Trading Plan
🟢 Buy Setup (Long Trade)
✅ Condition: Enter a Buy trade if the 1-hour candle closes above 3657.
🎯 Targets:
First Target → 3668
Second Target → 3679
Third Target → 3690
🔒 Stop Loss: Always place a stop loss below the breakout candle’s low to manage risk.
🔴 Sell Setup (Short Trade)
✅ Condition: Enter a Sell trade if the 1-hour candle closes below 3630.
🎯 Targets:
First Target → 3620
Second Target → 3610
Third Target → 3595
🔒 Stop Loss: Always place a stop loss above the breakdown candle’s high to limit losses.
📅 Timeframe → Use the 1-hour chart only.
🕐 Wait for Candle Close → Do not enter in the middle of the candle; wait for the candle to finish.
📈 Confirmation → A close above/below the levels means the price has settled, not just touched it.
💰 Risk Management → Trade with only 1–2% of your capital per trade.
⚖️ Targets → Book partial profits at the first target, then trail stop loss for higher targets.
⚠️ Disclaimer
📌 This analysis is for educational purposes only. It is not financial advice. Trading in gold or any financial market involves high risk, and past performance does not guarantee future results. Always do your own research (DYOR) and consult with a financial advisor before making investment decisions.
🟢 Buy Setup (Long Trade)
✅ Condition: Enter a Buy trade if the 1-hour candle closes above 3657.
🎯 Targets:
First Target → 3668
Second Target → 3679
Third Target → 3690
🔒 Stop Loss: Always place a stop loss below the breakout candle’s low to manage risk.
🔴 Sell Setup (Short Trade)
✅ Condition: Enter a Sell trade if the 1-hour candle closes below 3630.
🎯 Targets:
First Target → 3620
Second Target → 3610
Third Target → 3595
🔒 Stop Loss: Always place a stop loss above the breakdown candle’s high to limit losses.
📅 Timeframe → Use the 1-hour chart only.
🕐 Wait for Candle Close → Do not enter in the middle of the candle; wait for the candle to finish.
📈 Confirmation → A close above/below the levels means the price has settled, not just touched it.
💰 Risk Management → Trade with only 1–2% of your capital per trade.
⚖️ Targets → Book partial profits at the first target, then trail stop loss for higher targets.
⚠️ Disclaimer
📌 This analysis is for educational purposes only. It is not financial advice. Trading in gold or any financial market involves high risk, and past performance does not guarantee future results. Always do your own research (DYOR) and consult with a financial advisor before making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.