🟡 GOLD — Breakout/Breakdown Plan (with $ levels)
🧭 Quick Signal Card
📈 BUY: above the high of a 1-hour candle that closes above $3,346
🎯 Targets: $3,355 → $3,367 → $3,378
📉 SELL: below the low of a 15-min candle that closes below $3,331
🎯 Targets: $3,320 → $3,305 → $3,290
📈 Long Setup (1H Breakout over $3,346)
Idea: Trade momentum after a confirmed 1-hour close above a key level.
✅ Confirmation
Wait for a 1-hour candle to CLOSE above $3,346.
Mark that candle’s high (this becomes your trigger).
🚀 Entry
Place a buy stop a small buffer above that high to avoid micro-whipsaws
(e.g., trigger = high + $0.50 to $1.00; adjust to your instrument’s tick size/spread).
🛑 Initial Stop-Loss (pick one)
Conservative: below the low of the breakout 1H candle.
Aggressive: just below $3,346 (the breakout level) with a tiny buffer (e.g., 0.5–1.0).
Optional: size SL using a volatility filter (e.g., 0.5–1.0 × 14-period ATR (1H)).
🎯 Profit Targets
T1: $3,355
T2: $3,367
T3: $3,378
🔄 Trade Management
On fill, set OCO: targets + stop are linked (one cancels the other).
At T1 hit: take 25–33% off and move SL to breakeven (entry).
Between T1→T2: trail below last 15-min swing low or use a fixed $3–$5 step-trail.
Between T2→T3: tighten trail (e.g., under last 5–15-min structure).
If price closes back below $3,346 (1H), consider exiting remainder—failed breakout.
📉 Short Setup (15-Min Breakdown under $3,331)
Idea: Catch downside momentum after a confirmed close below support.
✅ Confirmation
Wait for a 15-min candle to CLOSE below $3,331.
Mark that candle’s low (this becomes your trigger).
⚡ Entry
Place a sell stop a small buffer below that low
(e.g., trigger = low − $0.50 to $1.00; adapt to tick/spread).
🛑 Initial Stop-Loss (pick one)
Conservative: above the high of the breakdown 15-min candle.
Aggressive: just above $3,331 with a small buffer (0.5–1.0).
Optional ATR filter (e.g., 0.5–1.0 × 14-period ATR (15m)).
🎯 Profit Targets
T1: $3,320
T2: $3,305
T3: $3,290
🔄 Trade Management
Use OCO (targets + stop).
At T1: take 25–33% off; move SL to breakeven.
Trail above recent 5–15-min lower highs as price progresses to T2/T3.
If price closes back above $3,331 (15m), consider reducing or exiting—failed breakdown.
⚠️ Disclaimer
This is educational material only, not financial advice. Trading involves substantial risk and may not be suitable for every investor. You can lose money. Use your own judgment, verify contract specs ($ per point), and risk only what you can afford to lose.
🧭 Quick Signal Card
📈 BUY: above the high of a 1-hour candle that closes above $3,346
🎯 Targets: $3,355 → $3,367 → $3,378
📉 SELL: below the low of a 15-min candle that closes below $3,331
🎯 Targets: $3,320 → $3,305 → $3,290
📈 Long Setup (1H Breakout over $3,346)
Idea: Trade momentum after a confirmed 1-hour close above a key level.
✅ Confirmation
Wait for a 1-hour candle to CLOSE above $3,346.
Mark that candle’s high (this becomes your trigger).
🚀 Entry
Place a buy stop a small buffer above that high to avoid micro-whipsaws
(e.g., trigger = high + $0.50 to $1.00; adjust to your instrument’s tick size/spread).
🛑 Initial Stop-Loss (pick one)
Conservative: below the low of the breakout 1H candle.
Aggressive: just below $3,346 (the breakout level) with a tiny buffer (e.g., 0.5–1.0).
Optional: size SL using a volatility filter (e.g., 0.5–1.0 × 14-period ATR (1H)).
🎯 Profit Targets
T1: $3,355
T2: $3,367
T3: $3,378
🔄 Trade Management
On fill, set OCO: targets + stop are linked (one cancels the other).
At T1 hit: take 25–33% off and move SL to breakeven (entry).
Between T1→T2: trail below last 15-min swing low or use a fixed $3–$5 step-trail.
Between T2→T3: tighten trail (e.g., under last 5–15-min structure).
If price closes back below $3,346 (1H), consider exiting remainder—failed breakout.
📉 Short Setup (15-Min Breakdown under $3,331)
Idea: Catch downside momentum after a confirmed close below support.
✅ Confirmation
Wait for a 15-min candle to CLOSE below $3,331.
Mark that candle’s low (this becomes your trigger).
⚡ Entry
Place a sell stop a small buffer below that low
(e.g., trigger = low − $0.50 to $1.00; adapt to tick/spread).
🛑 Initial Stop-Loss (pick one)
Conservative: above the high of the breakdown 15-min candle.
Aggressive: just above $3,331 with a small buffer (0.5–1.0).
Optional ATR filter (e.g., 0.5–1.0 × 14-period ATR (15m)).
🎯 Profit Targets
T1: $3,320
T2: $3,305
T3: $3,290
🔄 Trade Management
Use OCO (targets + stop).
At T1: take 25–33% off; move SL to breakeven.
Trail above recent 5–15-min lower highs as price progresses to T2/T3.
If price closes back above $3,331 (15m), consider reducing or exiting—failed breakdown.
⚠️ Disclaimer
This is educational material only, not financial advice. Trading involves substantial risk and may not be suitable for every investor. You can lose money. Use your own judgment, verify contract specs ($ per point), and risk only what you can afford to lose.
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.