✨ GOLD Intraday Trading Plan – Key Levels & Strategy
🟢 BUY Strategy
Entry Trigger: Consider buying above $4309 only if the 1-hour candle closes above this level.
Why this Level?
$4309 acts as a reversal area and a breakout confirmation zone.
A strong close above it indicates bullish strength and continuation.
Targets:
🎯 $4320 – first resistance
🎯 $4332 – intermediate push level
🎯 $4345 – extended target
Optional Reversal Trade:
If price reaches $4309 and rejects, you can look for a sell entry with a proper stop-loss.
🔴 SELL Strategy
Entry Trigger: Consider selling below $4250 only if the 1-hour candle closes below this level.
Why this Level?
$4250 is another major reversal zone and a breakdown confirmation area.
A close below this level signals bearish momentum.
Targets:
🎯 $4237 – first support
🎯 $4227 – continuation level
🎯 $4215 – deeper target
Optional Reversal Trade:
If price drops to $4250 and shows strong support, you may also try a buy entry here with a stop-loss.
🔄 Reversal Zone Notes
Use these areas for trend confirmation or reversal trades.
Always wait for candle closing to avoid false breakouts.
Keep SL tight near reversal zones to avoid large losses.
⚠️ Disclaimer
📌 This is not financial advice.
📌 Trading in gold and other financial instruments involves high risk.
📌 Always do your own analysis, use proper stop-loss, and manage your position sizing carefully.
📌 Past performance or levels do not guarantee future results.
🟢 BUY Strategy
Entry Trigger: Consider buying above $4309 only if the 1-hour candle closes above this level.
Why this Level?
$4309 acts as a reversal area and a breakout confirmation zone.
A strong close above it indicates bullish strength and continuation.
Targets:
🎯 $4320 – first resistance
🎯 $4332 – intermediate push level
🎯 $4345 – extended target
Optional Reversal Trade:
If price reaches $4309 and rejects, you can look for a sell entry with a proper stop-loss.
🔴 SELL Strategy
Entry Trigger: Consider selling below $4250 only if the 1-hour candle closes below this level.
Why this Level?
$4250 is another major reversal zone and a breakdown confirmation area.
A close below this level signals bearish momentum.
Targets:
🎯 $4237 – first support
🎯 $4227 – continuation level
🎯 $4215 – deeper target
Optional Reversal Trade:
If price drops to $4250 and shows strong support, you may also try a buy entry here with a stop-loss.
🔄 Reversal Zone Notes
Use these areas for trend confirmation or reversal trades.
Always wait for candle closing to avoid false breakouts.
Keep SL tight near reversal zones to avoid large losses.
⚠️ Disclaimer
📌 This is not financial advice.
📌 Trading in gold and other financial instruments involves high risk.
📌 Always do your own analysis, use proper stop-loss, and manage your position sizing carefully.
📌 Past performance or levels do not guarantee future results.
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.