Professional Trading Plan for Gold

(XAU/USD)

1. Sell Zone:

Level: 2885 - 2891

Wait for bearish confirmation (e.g., Shooting Star, Bearish Engulfing) before entering a sell trade.

Label on the chart: "Potential Sell Zone."



2. Entry Confirmation:

Look for price rejection from the Sell Zone or a bearish trendline break before entering.



3. Take Profit Zone:

Level: 2812 - 2815

This is your target for taking profits.

Label on the chart: "Take Profit Target."



4. Stop Loss:

Level: 2893.50

Place stop loss slightly above the Sell Zone.

Label on the chart: "Stop Loss."



5. Risk/Reward Ratio:

Maintain at least a 1:3 risk/reward ratio for this trade.



6. Additional Notes:

Use indicators like RSI or MACD for additional confirmation.

Apply Fibonacci Retracement from 2885 to 2812 to validate levels.



7. Trailing Stop:

As the price moves in your favor, adjust the stop loss to secure profits.