Gold Trading Strategy for 20th December 2024
Trading Strategy
Key Levels:
Buy Above: The high of the 15-minute candle that closes above 2606
Sell Below: The low of the 15-minute candle that closes below 2583
Support and Resistance Levels:
Resistance: 2616, 2634, 2652
Support: 2573, 2555, 2530
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 2606.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2583.
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.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact 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: The high of the 15-minute candle that closes above 2606
Sell Below: The low of the 15-minute candle that closes below 2583
Support and Resistance Levels:
Resistance: 2616, 2634, 2652
Support: 2573, 2555, 2530
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 2606.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2583.
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.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact 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.