Gold Trading Strategy
Buy Strategy (Long Position)
Entry Condition:
Wait for a 15-minute candle to close above 2937.
Enter a buy position above the high of that candle.
Targets:
First target: 2945
Second target: 2952
Third target: 2958
Stop-loss:
Below the low of the breakout candle or a fixed SL
Sell Strategy (Short Position)
Entry Condition:
Wait for a 15-minute candle to close below 2899.
Enter a sell position below the low of that candle.
Targets:
First target: 2890
Second target: 2879
Third target: 2870
Stop-loss:
Above the high of the breakdown candle or a fixed SL (e.g., 2904).
News & Events: Avoid trading during high-impact economic releases.
Higher Timeframe Analysis: Check 1H and 4H trends for additional confirmation.
Disclaimer
This analysis is for educational and informational purposes only. Trading involves risk, and past performance does not guarantee future results. Please conduct your own research and consult with a financial advisor before making any trading decisions.
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