📈 Gold Trade Setup 📉
💰 Entry Strategy:
🔼 Buy Above: The high of the 1-hour candle that closes above 2864
🎯 Targets: 2871 | 2886 | 2899
🔽 Sell Below: The low of the 15-minute candle that closes below 2832
🎯 Targets: 2826 | 2813 | 2801
📊 Trade Explanation:
Why wait for a close?
A 1-hour candle closing above 2864 confirms bullish strength, reducing false breakouts.
A 15-minute candle closing below 2832 helps identify early bearish momentum.
This method improves accuracy by ensuring price sustains its breakout direction rather than just wicking above or below levels.
Combine with indicators like RSI, MACD, or Moving Averages for added confirmation.
⚠️ Disclaimer:
This trade setup is for educational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult a financial advisor before making any investment decisions. 🚀📉
💰 Entry Strategy:
🔼 Buy Above: The high of the 1-hour candle that closes above 2864
🎯 Targets: 2871 | 2886 | 2899
🔽 Sell Below: The low of the 15-minute candle that closes below 2832
🎯 Targets: 2826 | 2813 | 2801
📊 Trade Explanation:
Why wait for a close?
A 1-hour candle closing above 2864 confirms bullish strength, reducing false breakouts.
A 15-minute candle closing below 2832 helps identify early bearish momentum.
This method improves accuracy by ensuring price sustains its breakout direction rather than just wicking above or below levels.
Combine with indicators like RSI, MACD, or Moving Averages for added confirmation.
⚠️ Disclaimer:
This trade setup is for educational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult a financial advisor before making any investment decisions. 🚀📉
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.