Gold Trading Strategy for 06th March 2025
📈 Gold Trading Plan (XAU/USD) – Breakout & Breakdown Strategy 📉
🔹 Buy Setup:
✅ Entry: Buy above the high of the 1-hour candle that closes above 2930.
🎯 Targets:
🔹 Target 1: 2943
🔹 Target 2: 2953
🔹 Target 3: 2963
🛑 Stop-Loss: Below the low of the breakout candle or as per risk management.
🔻 Sell Setup:
✅ Entry: Sell below the low of the 15-minute candle that closes below 2894.
🎯 Targets:
🔹 Target 1: 2881
🔹 Target 2: 2870
🔹 Target 3: 2854
🛑 Stop-Loss: Above the high of the breakdown candle or as per risk management.
⚠️ Disclaimer:
📢 Trading involves risk. Always use proper risk management and confirm with technical/fundamental analysis before taking any trade. Past performance is not indicative of future results. Trade at your own discretion.
🔹 Buy Setup:
✅ Entry: Buy above the high of the 1-hour candle that closes above 2930.
🎯 Targets:
🔹 Target 1: 2943
🔹 Target 2: 2953
🔹 Target 3: 2963
🛑 Stop-Loss: Below the low of the breakout candle or as per risk management.
🔻 Sell Setup:
✅ Entry: Sell below the low of the 15-minute candle that closes below 2894.
🎯 Targets:
🔹 Target 1: 2881
🔹 Target 2: 2870
🔹 Target 3: 2854
🛑 Stop-Loss: Above the high of the breakdown candle or as per risk management.
⚠️ Disclaimer:
📢 Trading involves risk. Always use proper risk management and confirm with technical/fundamental analysis before taking any trade. Past performance is not indicative of future results. Trade at your own discretion.
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.