๐ฐ GOLD (XAU/USD) Trading Setup
โฐ Timeframe: 1 Hour & 15 Minutes
๐ข Buy Setup
๐น Entry: Buy above the high of the 1-hour candle โ once it closes above $4014
๐ฏ Targets:
๐ฏ Target 1: $4022
๐ฏ Target 2: $4035
๐ฏ Target 3: $4050
๐ก๏ธ Stop Loss: Below $4005 (adjust with risk tolerance)
๐ Trade Logic:
If the hourly candle closes above $4014, it indicates bullish strength. Look for confirmation before entering a long position. Momentum above this level could push prices towards the next resistance zones.
๐ด Sell Setup
๐น Entry: Sell below the low of the 15-minute candle โ once it closes below $3962
๐ฏ Targets:
๐ฏ Target 1: $3953
๐ฏ Target 2: $3941
๐ฏ Target 3: $3922
๐ก๏ธ Stop Loss: Above $3975 (adjust with market conditions)
๐ Trade Logic:
If the 15-min candle closes below $3962, bearish momentum is likely to continue. Break below this level may open room for further downside.
โ ๏ธ Disclaimer
๐ This analysis is for educational and informational purposes only.
๐ผ Not financial advice. Always conduct your own research or consult with a certified financial advisor before making any trading decisions.
๐ Trading in commodities and financial markets involves significant risk. Past performance is not indicative of future results.
โฐ Timeframe: 1 Hour & 15 Minutes
๐ข Buy Setup
๐น Entry: Buy above the high of the 1-hour candle โ once it closes above $4014
๐ฏ Targets:
๐ฏ Target 1: $4022
๐ฏ Target 2: $4035
๐ฏ Target 3: $4050
๐ก๏ธ Stop Loss: Below $4005 (adjust with risk tolerance)
๐ Trade Logic:
If the hourly candle closes above $4014, it indicates bullish strength. Look for confirmation before entering a long position. Momentum above this level could push prices towards the next resistance zones.
๐ด Sell Setup
๐น Entry: Sell below the low of the 15-minute candle โ once it closes below $3962
๐ฏ Targets:
๐ฏ Target 1: $3953
๐ฏ Target 2: $3941
๐ฏ Target 3: $3922
๐ก๏ธ Stop Loss: Above $3975 (adjust with market conditions)
๐ Trade Logic:
If the 15-min candle closes below $3962, bearish momentum is likely to continue. Break below this level may open room for further downside.
โ ๏ธ Disclaimer
๐ This analysis is for educational and informational purposes only.
๐ผ Not financial advice. Always conduct your own research or consult with a certified financial advisor before making any trading decisions.
๐ Trading in commodities and financial markets involves significant risk. Past performance is not indicative of future results.
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.