Gold Trading Strategy for 02nd January 2025
Gold Trading Strategy
Buy Setup Condition:
Wait for a 15-minute candle to close above 2632.
Entry:Place a buy order above the high of this 15-minute candle.
Targets:2640, 2648, 2655.
Stop Loss:Set a stop loss below the low of the entry candle or according to your risk management.
Sell SetupCondition:
Wait for a 1-hour candle to close below 2616.
Entry:Place a sell order below the low of this 1-hour candle.
Targets:2608, 2602, 2590.
Stop Loss:Set a stop loss above the high of the entry candle or according to your risk management.
Disclaimer
Trading involves substantial risk and is not suitable for every investor. The strategy mentioned above is for informational purposes only and does not constitute financial advice. Always perform your own analysis and consult a professional financial advisor before making trading decisions. Past performance is not indicative of future results. Use this strategy at your own risk.
Buy Setup Condition:
Wait for a 15-minute candle to close above 2632.
Entry:Place a buy order above the high of this 15-minute candle.
Targets:2640, 2648, 2655.
Stop Loss:Set a stop loss below the low of the entry candle or according to your risk management.
Sell SetupCondition:
Wait for a 1-hour candle to close below 2616.
Entry:Place a sell order below the low of this 1-hour candle.
Targets:2608, 2602, 2590.
Stop Loss:Set a stop loss above the high of the entry candle or according to your risk management.
Disclaimer
Trading involves substantial risk and is not suitable for every investor. The strategy mentioned above is for informational purposes only and does not constitute financial advice. Always perform your own analysis and consult a professional financial advisor before making trading decisions. Past performance is not indicative of future results. Use this strategy 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.