📊 GOLD (XAU/USD) Trading Plan – Intraday Strategy
🔔 Breakout Strategy Based on 1-Hour Candle
🟢 Buy Setup:
✅ Condition: Enter Buy if a 1-hour candle closes above the high of the previous candle and that high is above 3331.
🎯 Targets:
📌 1st Target: 3342
📌 2nd Target: 3353
📌 3rd Target: 3364
🛑 Stop Loss: Below the breakout candle’s low (maintain proper risk-reward)
🔴 Sell Setup:
✅ Condition: Enter Sell if a 1-hour candle closes below the low of the previous candle and that low is below 3314.
🎯 Targets:
📌 1st Target: 3302
📌 2nd Target: 3290
📌 3rd Target: 3279
🛑 Stop Loss: Above the breakdown candle’s high (risk-reward 1:2 or better)
📌 Pro Tips:
Use a confirmation candle close to avoid false breakouts.
Apply this strategy during high-volume sessions (London/New York overlap is preferred).
Always monitor macroeconomic news impacting gold prices like US CPI, Fed decisions, or geopolitical events.
⚠️ Disclaimer:
This content is for educational and informational purposes only. It does not constitute financial advice or trading recommendations. Trading in financial markets involves risk. Always do your own analysis and consult with a financial advisor before making any trading decisions.
🔔 Breakout Strategy Based on 1-Hour Candle
🟢 Buy Setup:
✅ Condition: Enter Buy if a 1-hour candle closes above the high of the previous candle and that high is above 3331.
🎯 Targets:
📌 1st Target: 3342
📌 2nd Target: 3353
📌 3rd Target: 3364
🛑 Stop Loss: Below the breakout candle’s low (maintain proper risk-reward)
🔴 Sell Setup:
✅ Condition: Enter Sell if a 1-hour candle closes below the low of the previous candle and that low is below 3314.
🎯 Targets:
📌 1st Target: 3302
📌 2nd Target: 3290
📌 3rd Target: 3279
🛑 Stop Loss: Above the breakdown candle’s high (risk-reward 1:2 or better)
📌 Pro Tips:
Use a confirmation candle close to avoid false breakouts.
Apply this strategy during high-volume sessions (London/New York overlap is preferred).
Always monitor macroeconomic news impacting gold prices like US CPI, Fed decisions, or geopolitical events.
⚠️ Disclaimer:
This content is for educational and informational purposes only. It does not constitute financial advice or trading recommendations. Trading in financial markets involves risk. Always do your own analysis and consult with a financial advisor before making any trading decisions.
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.