🟡 GOLD Trading Plan
💱 Instrument: Gold Spot
💲 Currency: USD
🟢 BUY Setup (Bullish Scenario)
📈 Buy ABOVE the high of the 1-hour candle that closes above $3351
🎯 Target Levels:
✅ Target 1: $3363
✅ Target 2: $3375
✅ Target 3: $3388
🔰 Example:
If a 1-hour candle closes at $3353 and its high is $3354, place a buy stop order above $3354.
🔴 SELL Setup (Bearish Scenario)
📉 Sell BELOW the low of the 1-hour candle that closes below $3322
🎯 Target Levels:
✅ Target 1: $3309
✅ Target 2: $3297
✅ Target 3: $3283
🔰 Example:
If a 1-hour candle closes at $3320 and its low is $3318, place a sell stop order below $3318.
🧠 Tips
🕐 Wait for the 1-hour candle to close above $3351 (for buys) or below $3322 (for sells).
📊 Use candlestick charts on platforms like TradingView or MetaTrader.
📏 Set stop-loss below the breakout candle’s low (for buys) or above its high (for sells).
📉 Always manage risk — don’t risk more than 1-2% of your capital per trade.
⚠️ DISCLAIMER ⚠️
This analysis is for educational purposes only and not financial advice.
📌 Always do your own research and consult a certified financial advisor before trading.
📉 Trading involves significant risk, including potential loss of capital.
💱 Instrument: Gold Spot
💲 Currency: USD
🟢 BUY Setup (Bullish Scenario)
📈 Buy ABOVE the high of the 1-hour candle that closes above $3351
🎯 Target Levels:
✅ Target 1: $3363
✅ Target 2: $3375
✅ Target 3: $3388
🔰 Example:
If a 1-hour candle closes at $3353 and its high is $3354, place a buy stop order above $3354.
🔴 SELL Setup (Bearish Scenario)
📉 Sell BELOW the low of the 1-hour candle that closes below $3322
🎯 Target Levels:
✅ Target 1: $3309
✅ Target 2: $3297
✅ Target 3: $3283
🔰 Example:
If a 1-hour candle closes at $3320 and its low is $3318, place a sell stop order below $3318.
🧠 Tips
🕐 Wait for the 1-hour candle to close above $3351 (for buys) or below $3322 (for sells).
📊 Use candlestick charts on platforms like TradingView or MetaTrader.
📏 Set stop-loss below the breakout candle’s low (for buys) or above its high (for sells).
📉 Always manage risk — don’t risk more than 1-2% of your capital per trade.
⚠️ DISCLAIMER ⚠️
This analysis is for educational purposes only and not financial advice.
📌 Always do your own research and consult a certified financial advisor before trading.
📉 Trading involves significant risk, including potential loss of capital.
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.