📢 GOLD Intraday Trade Setup📢
💰 Instrument: GOLD (XAU/USD)
📊 Strategy Type: Price Action Breakout (Candle Confirmation)
🕒 Recommended Timeframes: 15-Min, 30-Min or 1 hour Charts
✅ Buy Setup (Bullish Breakout Strategy)
🟢 Buy Above: $3336
📌 Entry Rule:
Wait for a strong bullish candle to close above $3336.
📈 Enter above the high of that closing candle for confirmation.
🎯 Targets:
🔹 Target 1: $3347
🔹 Target 2: $3358
🔹 Target 3: $3369
🔐 Stop-Loss: Just below the breakout candle's low or below $3330 support area.
🔻 Sell Setup (Bearish Breakdown Strategy)
🔴 Sell Below: $3300
📌 Entry Rule:
Wait for a strong bearish candle to close below $3300.
📉 Enter below the low of that closing candle for confirmation.
🎯 Targets:
🔸 Target 1: $3288
🔸 Target 2: $3277
🔸 Target 3: $3266
🔐 Stop-Loss: Just above the breakdown candle's high or above $3307 resistance.
🧠 Pro Tips for Today:
Use Volume and RSI to confirm breakout strength.
Avoid entries during high impact news events (check economic calendar).
Maintain risk-reward ratio of at least 1:2.
🧰 Tools to Use:
📍 Support/Resistance Levels
📉 Trendlines
🔁 Moving Averages (EMA 20/50)
📊 Volume Profile
⚠️ Disclaimer:
This content is for educational purposes only. Trading in financial markets involves substantial risk and is not suitable for all investors. Please conduct your own research or consult a certified financial advisor before making any trading decisions. We are not liable for any financial loss or gain based on this information.
💰 Instrument: GOLD (XAU/USD)
📊 Strategy Type: Price Action Breakout (Candle Confirmation)
🕒 Recommended Timeframes: 15-Min, 30-Min or 1 hour Charts
✅ Buy Setup (Bullish Breakout Strategy)
🟢 Buy Above: $3336
📌 Entry Rule:
Wait for a strong bullish candle to close above $3336.
📈 Enter above the high of that closing candle for confirmation.
🎯 Targets:
🔹 Target 1: $3347
🔹 Target 2: $3358
🔹 Target 3: $3369
🔐 Stop-Loss: Just below the breakout candle's low or below $3330 support area.
🔻 Sell Setup (Bearish Breakdown Strategy)
🔴 Sell Below: $3300
📌 Entry Rule:
Wait for a strong bearish candle to close below $3300.
📉 Enter below the low of that closing candle for confirmation.
🎯 Targets:
🔸 Target 1: $3288
🔸 Target 2: $3277
🔸 Target 3: $3266
🔐 Stop-Loss: Just above the breakdown candle's high or above $3307 resistance.
🧠 Pro Tips for Today:
Use Volume and RSI to confirm breakout strength.
Avoid entries during high impact news events (check economic calendar).
Maintain risk-reward ratio of at least 1:2.
🧰 Tools to Use:
📍 Support/Resistance Levels
📉 Trendlines
🔁 Moving Averages (EMA 20/50)
📊 Volume Profile
⚠️ Disclaimer:
This content is for educational purposes only. Trading in financial markets involves substantial risk and is not suitable for all investors. Please conduct your own research or consult a certified financial advisor before making any trading decisions. We are not liable for any financial loss or gain based on this information.
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.