Gold Trading Strategy for 24th December 2024
Gold Trading Strategy
Key Levels (1-Hour Time Frame):
Buy Above: The high of the 1-hour candle that closes above 2620
Sell Below: The low of the 1-hour candle that closes below 2605
Targets:
Upside Targets: 2632, 2647, 2658
Downside Targets: 2592, 2578, 2567
Strategy Details:
Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 2620, aiming for targets of 2632, 2647 and 2658.
Sell Signal: Enter a sell position below the low of the 1-hour candle that closes below 2605, aiming for targets of 2592, 2578, and 2567.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Key Levels (1-Hour Time Frame):
Buy Above: The high of the 1-hour candle that closes above 2620
Sell Below: The low of the 1-hour candle that closes below 2605
Targets:
Upside Targets: 2632, 2647, 2658
Downside Targets: 2592, 2578, 2567
Strategy Details:
Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 2620, aiming for targets of 2632, 2647 and 2658.
Sell Signal: Enter a sell position below the low of the 1-hour candle that closes below 2605, aiming for targets of 2592, 2578, and 2567.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified 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.