📊 Gold Intraday Trading Plan
✅ Buy Setup (Long Position)
Condition to Enter:
Wait for the 15-minute candle to close above $3579.
Buy Entry: Above $3579.
Targets:
First Target – $3590
Second Target – $3601
Third Target – $3613
Stop Loss (SL): Below recent 15-min support (e.g., $3570).
Example:
If the 15-min candle closes at $3581, you can enter a buy trade at around $3582–$3583.
If price moves to $3590, you book your first profit.
If it continues higher, trail your stop-loss to lock in profits while aiming for $3601 and $3613.
✅ Sell Setup (Short Position)
Condition to Enter:
Wait for the 1-hour candle to close below $3545.
Sell Entry: Below $3545.
Targets:
First Target – $3534
Second Target – $3523
Third Target – $3511
Stop Loss (SL): Above recent 1-hour resistance (e.g., $3555).
Example:
If the 1-hour candle closes at $3543, you can enter a sell trade around $3542–$3544.
If price falls to $3534, that’s your first target.
If it keeps dropping, trail your stop-loss and aim for $3523 and $3511.
⚠️ Important Notes for Beginners
Always wait for candle close confirmation. Don’t jump in before the candle closes, as fake breakouts can trap traders.
Use strict stop-loss. This protects you if the market moves opposite.
Trade with small lot size in the beginning to control risk.
Risk-Reward Ratio (RRR): Always aim for at least 1:2 RRR (risk $1 to gain $2).
📌 Disclaimer
This analysis is for educational purposes only and not financial advice. Trading in gold or any market involves significant risk, and past performance does not guarantee future results. Please consult with a financial advisor before making trading decisions. Trade at your own risk.
✅ Buy Setup (Long Position)
Condition to Enter:
Wait for the 15-minute candle to close above $3579.
Buy Entry: Above $3579.
Targets:
First Target – $3590
Second Target – $3601
Third Target – $3613
Stop Loss (SL): Below recent 15-min support (e.g., $3570).
Example:
If the 15-min candle closes at $3581, you can enter a buy trade at around $3582–$3583.
If price moves to $3590, you book your first profit.
If it continues higher, trail your stop-loss to lock in profits while aiming for $3601 and $3613.
✅ Sell Setup (Short Position)
Condition to Enter:
Wait for the 1-hour candle to close below $3545.
Sell Entry: Below $3545.
Targets:
First Target – $3534
Second Target – $3523
Third Target – $3511
Stop Loss (SL): Above recent 1-hour resistance (e.g., $3555).
Example:
If the 1-hour candle closes at $3543, you can enter a sell trade around $3542–$3544.
If price falls to $3534, that’s your first target.
If it keeps dropping, trail your stop-loss and aim for $3523 and $3511.
⚠️ Important Notes for Beginners
Always wait for candle close confirmation. Don’t jump in before the candle closes, as fake breakouts can trap traders.
Use strict stop-loss. This protects you if the market moves opposite.
Trade with small lot size in the beginning to control risk.
Risk-Reward Ratio (RRR): Always aim for at least 1:2 RRR (risk $1 to gain $2).
📌 Disclaimer
This analysis is for educational purposes only and not financial advice. Trading in gold or any market involves significant risk, and past performance does not guarantee future results. Please consult with a financial advisor before making trading decisions. Trade at your own risk.
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.