📊 Gold Intraday Trading Strategy – April 21, 2025
🔼 Buy Setup (Bullish Scenario)
Trigger: Buy only if the 15-minute candle closes above $3358.
Entry: After confirmation of a breakout above $3358 on a 15-minute candle close.
Targets:
Target 1: $3370
Target 2: $3385
Target 3: $3400
Stop Loss: Below the low of the breakout candle, or as per your risk management plan.
Tip: Avoid chasing a breakout candle if it’s unusually large. Wait for a pullback or a retest of $3358 for a safer entry.
🔽 Sell Setup (Bearish Scenario)
Trigger: Sell only if the 15-minute candle closes below $3306.
Entry: After confirmation of a breakdown below $3306 on a 15-minute candle close.
Targets:
Target 1: $3290
Target 2: $3275
Target 3: $3260
Stop Loss: Above the high of the breakdown candle, or based on your personal risk profile.
Tip: Ensure there’s momentum or volume supporting the breakdown to avoid false signals.
⚠️ Disclaimer:
This analysis is provided for educational purposes only and is not financial advice. Trading in gold or any commodity involves significant risk and may not be suitable for all investors. Always do your own research or consult a licensed financial advisor before making any investment decisions. Past performance is not indicative of future results. You are solely responsible for your own trades.
🔼 Buy Setup (Bullish Scenario)
Trigger: Buy only if the 15-minute candle closes above $3358.
Entry: After confirmation of a breakout above $3358 on a 15-minute candle close.
Targets:
Target 1: $3370
Target 2: $3385
Target 3: $3400
Stop Loss: Below the low of the breakout candle, or as per your risk management plan.
Tip: Avoid chasing a breakout candle if it’s unusually large. Wait for a pullback or a retest of $3358 for a safer entry.
🔽 Sell Setup (Bearish Scenario)
Trigger: Sell only if the 15-minute candle closes below $3306.
Entry: After confirmation of a breakdown below $3306 on a 15-minute candle close.
Targets:
Target 1: $3290
Target 2: $3275
Target 3: $3260
Stop Loss: Above the high of the breakdown candle, or based on your personal risk profile.
Tip: Ensure there’s momentum or volume supporting the breakdown to avoid false signals.
⚠️ Disclaimer:
This analysis is provided for educational purposes only and is not financial advice. Trading in gold or any commodity involves significant risk and may not be suitable for all investors. Always do your own research or consult a licensed financial advisor before making any investment decisions. Past performance is not indicative of future results. You are solely responsible for your own trades.
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.