Gold Trading Strategy for 15th August 2025 (IST)🟡 Gold Trading Plan
📈 Buy Setup – Bullish Breakout Strategy
Entry Condition:
✅ Wait for the 1-hour candle to close above $3348.
✅ Only enter after the candle closes, not just during the spike.
Reasoning:
🔍 A close above $3348 indicates buyers are in control, confirming momentum.
Targets:
🎯 1st Target: $3360 – Quick scalp/profit-taking zone.
🎯 2nd Target: $3372 – Medium-term resistance area.
🎯 3rd Target: $3384 – Strong resistance; watch for reversal signals here.
Stop Loss:
🛑 Place SL below the breakout candle’s low or a safe support zone to reduce risk.
📉 Sell Setup – Bearish Breakdown Strategy
Entry Condition:
✅ Wait for the 15-minute candle to close below $3322.
✅ Avoid entering during a sudden drop without a candle close – prevents false breakdowns.
Reasoning:
🔍 A close below $3322 signals sellers dominating the market, possibly starting a downtrend.
Targets:
🎯 1st Target: $3310 – Short-term support level.
🎯 2nd Target: $3298 – Key intraday demand zone.
🎯 3rd Target: $3285 – Strong support; partial or full profit booking advised.
Stop Loss:
🛑 Place SL above the breakdown candle’s high or a recent swing high.
📌 Risk Management Notes
Use position sizing to keep risk per trade within 1–2% of your capital.
Don’t chase entries – let the candle close confirm the trade.
Book profits gradually; don’t wait for all targets to hit.
⚠️ Disclaimer:
This content is for educational purposes only and does not constitute financial advice. Trading gold, forex, or other financial instruments involves substantial risk and is not suitable for all investors. You may lose more than your initial investment. Always perform your own analysis and consult with a qualified financial advisor before trading.
