GOLD Trading Plan for 11th February 2025
Buy Signal:
Entry Point: Buy above the high of the one-hour candle that closes above 2924.
Targets: 2930, 2939, 2947
Sell Signal:
Entry Point: Sell below the low of the one-hour candle that closes below 2892.
Targets: 2976, 2862, 2854
Explanation:
Buy Signal:
Entry Point: When the one-hour candle closes above 2924, observe the high of that candle. Place a buy order above this high to capitalize on the bullish trend.
Targets: The first target is 2930, followed by 2939 and 2947. These levels represent potential profit-taking points as the price continues to rise.
Sell Signal:
Entry Point: When the one-hour candle closes below 2892, observe the low of that candle. Place a sell order below this low to capitalize on the bearish trend.
Targets: The first target is 2976, followed by 2862 and 2854. These levels represent potential profit-taking points as the price continues to fall.
Strategy Summary:
Buy: If the high of the one-hour candle that closes above 2924 is breached, consider buying with targets at 2930, 2939, and 2947.
Sell: If the low of the one-hour candle that closes below 2892 is breached, consider selling with targets at 2976, 2862, and 2854.
Entry Point: Buy above the high of the one-hour candle that closes above 2924.
Targets: 2930, 2939, 2947
Sell Signal:
Entry Point: Sell below the low of the one-hour candle that closes below 2892.
Targets: 2976, 2862, 2854
Explanation:
Buy Signal:
Entry Point: When the one-hour candle closes above 2924, observe the high of that candle. Place a buy order above this high to capitalize on the bullish trend.
Targets: The first target is 2930, followed by 2939 and 2947. These levels represent potential profit-taking points as the price continues to rise.
Sell Signal:
Entry Point: When the one-hour candle closes below 2892, observe the low of that candle. Place a sell order below this low to capitalize on the bearish trend.
Targets: The first target is 2976, followed by 2862 and 2854. These levels represent potential profit-taking points as the price continues to fall.
Strategy Summary:
Buy: If the high of the one-hour candle that closes above 2924 is breached, consider buying with targets at 2930, 2939, and 2947.
Sell: If the low of the one-hour candle that closes below 2892 is breached, consider selling with targets at 2976, 2862, and 2854.
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