Hello! Here is an effective strategy for short selling in gold (XAUUSD), including entry price, exit price, and stop loss. This strategy is designed for today's intraday trading, so that you can take advantage of the market dip.
Entry, Exit, and Stop Loss for Short Selling
Entry Price (Sell Level):
When gold is between 3037-3039, short sell (i.e. sell).
Example: If gold is at 3038, then sell here.
Stop Loss:
Place a stop loss at 3042. If gold moves above this level, close the position to minimize losses.
Example: Sold at 3038 and gold moves up to 3042, then close the position to avoid losses.
Exit Price (Profit Target):
Close your position gradually and take profit at the following levels:
1st Target: 3034
2nd Target: 3025
3rd Target: 3015
4th Target: 3005
Example: If gold falls to 3034, take some profit; If it falls to 3025, take more profit.
Strategy Summary
Entry Price: 3037-3039
Stop Loss: 3042
Exit Price: 3034, 3025, 3015, 3005
This strategy will help you profit from the fall in gold prices. Watch the market carefully and do not risk more than 1-2% of your capital. Good luck!
Entry, Exit, and Stop Loss for Short Selling
Entry Price (Sell Level):
When gold is between 3037-3039, short sell (i.e. sell).
Example: If gold is at 3038, then sell here.
Stop Loss:
Place a stop loss at 3042. If gold moves above this level, close the position to minimize losses.
Example: Sold at 3038 and gold moves up to 3042, then close the position to avoid losses.
Exit Price (Profit Target):
Close your position gradually and take profit at the following levels:
1st Target: 3034
2nd Target: 3025
3rd Target: 3015
4th Target: 3005
Example: If gold falls to 3034, take some profit; If it falls to 3025, take more profit.
Strategy Summary
Entry Price: 3037-3039
Stop Loss: 3042
Exit Price: 3034, 3025, 3015, 3005
This strategy will help you profit from the fall in gold prices. Watch the market carefully and do not risk more than 1-2% of your capital. Good luck!
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.