"Gold's Danger Zones: Are You Prepared for the Next Move?"
Gold Trading Analysis: Key Levels for Your Strategy
In this analysis, we focus on two critical levels for gold trading: 2665.624 and 2670.240. These levels are your danger zones, and you should only use them on the 15-minute timeframe.
Here’s how to approach it:
1. Breakout and Retest: Whenever you see a breakout at these levels on the 15-minute chart, wait for a retest before entering. This increases your chances of a successful trade.
2. Set Your Targets: After entry, aim for the next level as your profit target and enjoy the gains!
3. Avoid Large Candle Breakouts: If there’s a breakout with a large candle on the 15-minute timeframe, exercise caution. Such breakouts can lead to bigger stop-losses, increasing the risk of getting stopped out.
Your feedback is crucial! If you find my analysis helpful and are making profits by following these levels, please comment and let me know. Your support motivates me to provide more insights, so share how much profit you’ve made using these strategies!
In this analysis, we focus on two critical levels for gold trading: 2665.624 and 2670.240. These levels are your danger zones, and you should only use them on the 15-minute timeframe.
Here’s how to approach it:
1. Breakout and Retest: Whenever you see a breakout at these levels on the 15-minute chart, wait for a retest before entering. This increases your chances of a successful trade.
2. Set Your Targets: After entry, aim for the next level as your profit target and enjoy the gains!
3. Avoid Large Candle Breakouts: If there’s a breakout with a large candle on the 15-minute timeframe, exercise caution. Such breakouts can lead to bigger stop-losses, increasing the risk of getting stopped out.
Your feedback is crucial! If you find my analysis helpful and are making profits by following these levels, please comment and let me know. Your support motivates me to provide more insights, so share how much profit you’ve made using these strategies!
Related publications
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.