Gold Trading Strategy for 12th December 2024
Gold Trading Strategy
Key Levels:
Buy Above: 2731 (on the high of the candle that closes above 2731 on a one-hour chart)
Sell Below: 2705 (on the low of the candle that closes below 2705 on a one-hour chart)
Support and Resistance:
Support Levels:
First Support: 2705
Second Support: 2680
Resistance Levels:
First Resistance: 2731
Second Resistance: 2755
Strategy Details:
Buy Signal: Enter a buy position above the high of the candle that closes above 2731 on a one-hour time frame.
Sell Signal: Enter a sell position below the low of the candle that closes below 2705 on a one-hour time frame.
Additional Tips:
Monitoring: Keep a close watch on the one-hour chart for clear buy or sell signals.
Risk Management: Always use a stop-loss to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could affect gold prices.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Key Levels:
Buy Above: 2731 (on the high of the candle that closes above 2731 on a one-hour chart)
Sell Below: 2705 (on the low of the candle that closes below 2705 on a one-hour chart)
Support and Resistance:
Support Levels:
First Support: 2705
Second Support: 2680
Resistance Levels:
First Resistance: 2731
Second Resistance: 2755
Strategy Details:
Buy Signal: Enter a buy position above the high of the candle that closes above 2731 on a one-hour time frame.
Sell Signal: Enter a sell position below the low of the candle that closes below 2705 on a one-hour time frame.
Additional Tips:
Monitoring: Keep a close watch on the one-hour chart for clear buy or sell signals.
Risk Management: Always use a stop-loss to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could affect gold prices.
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.