📈 Gold (XAU/USD) Trade Setup – Strategy Based on 1-Hour Candle Breakout
🔹 Buy Setup (Bullish Breakout Strategy)
Entry Condition: Buy above the high of a 1-hour candle only if it closes above $3,323.
Buy Trigger Level: $3,323+
Targets:
🎯 Target 1: $3,329
🎯 Target 2: $3,342
🎯 Target 3: $3,355
Stop Loss: Place a stop loss just below the breakout candle low or a recent support level (suggested: around $3,317 or as per your risk tolerance).
🔻 Sell Setup (Bearish Breakdown Strategy)
Entry Condition: Sell below the low of a 1-hour candle only if it closes below $3,296.
Sell Trigger Level: $3,296-
Targets:
🎯 Target 1: $3,285
🎯 Target 2: $3,272
🎯 Target 3: $3,261
🎯 Target 4: $3,250
Stop Loss: Place a stop loss just above the breakdown candle high or a recent resistance level (suggested: around $3,302 or per your risk tolerance).
⚠️ Important Disclaimer
This analysis is for informational and educational purposes only and should not be considered as financial advice. Trading in commodities like gold involves significant risk and may not be suitable for all investors. Always consult with your financial advisor and use proper risk management. Past performance is not indicative of future results.
🔹 Buy Setup (Bullish Breakout Strategy)
Entry Condition: Buy above the high of a 1-hour candle only if it closes above $3,323.
Buy Trigger Level: $3,323+
Targets:
🎯 Target 1: $3,329
🎯 Target 2: $3,342
🎯 Target 3: $3,355
Stop Loss: Place a stop loss just below the breakout candle low or a recent support level (suggested: around $3,317 or as per your risk tolerance).
🔻 Sell Setup (Bearish Breakdown Strategy)
Entry Condition: Sell below the low of a 1-hour candle only if it closes below $3,296.
Sell Trigger Level: $3,296-
Targets:
🎯 Target 1: $3,285
🎯 Target 2: $3,272
🎯 Target 3: $3,261
🎯 Target 4: $3,250
Stop Loss: Place a stop loss just above the breakdown candle high or a recent resistance level (suggested: around $3,302 or per your risk tolerance).
⚠️ Important Disclaimer
This analysis is for informational and educational purposes only and should not be considered as financial advice. Trading in commodities like gold involves significant risk and may not be suitable for all investors. Always consult with your financial advisor and use proper risk management. 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.