Gold Trading Strategy for 6th January 2025
Gold Trading Strategy
Key Levels:
Buy Above: The high of the 1-hour candle that closes above 2648
Sell Below: The low of the 15-minute candle that closes below 2631
Targets:
Upside Targets: 2655, 2665, 2680
Downside Targets: 2632, 2616, 2609
Strategy Details:
Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 2648, aiming for targets of 2655, 2665, and 2680.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2631, aiming for targets of 2632, 2616, and 2609.
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 strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
Key Levels:
Buy Above: The high of the 1-hour candle that closes above 2648
Sell Below: The low of the 15-minute candle that closes below 2631
Targets:
Upside Targets: 2655, 2665, 2680
Downside Targets: 2632, 2616, 2609
Strategy Details:
Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 2648, aiming for targets of 2655, 2665, and 2680.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2631, aiming for targets of 2632, 2616, and 2609.
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 strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or 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.