📈 BUY SETUP (Long Position)
➡️ Condition to Enter Buy:
Enter a BUY only if the 1-Hour candle closes above the high of 4096.
This confirms bullish momentum and reduces false breakouts.
🎯 Buy Targets:
TP1: $4,110
TP2: $4,124
TP3: $4,138
TP4: $4,150
🛑 Recommended Stop Loss:
Place SL below the breakout candle low or ≈ $4,085–4,088 based on your risk comfort.
📝 Reasoning:
A strong close above $4096 indicates buyers gaining control.
Targets move in 14–16 point intervals, ideal for intraday or short swing trades.
📉 SELL SETUP (Short Position)
➡️ Condition to Enter Sell:
Enter a SELL only if the 1-Hour candle closes below 4055.
This signals bearish continuation.
🎯 Sell Targets:
TP1: $4,042
TP2: $4,030
TP3: $4,018
TP4: $4,005
🛑 Recommended Stop Loss:
Place SL above the breakdown candle high or ≈ $4,062–4,067 depending on volatility.
📝 Reasoning:
A close below $4055 confirms downside pressure.
Targets decrease in 12–15 point steps, matching typical gold volatility on breakdowns.
🧠 TRADING TIPS
Always wait for candle close confirmation, not wick break.
Use 1–2% risk per trade to avoid major drawdowns.
Check news events (FOMC, CPI, NFP) before entering any trade.
Watch market structure on 15m for refined entries.
⚠️ DISCLAIMER
This analysis is for educational & informational purposes only.
It is NOT financial advice, and trading involves high risk.
You are responsible for your own trading decisions.
Always do your own analysis and use strict risk management.
➡️ Condition to Enter Buy:
Enter a BUY only if the 1-Hour candle closes above the high of 4096.
This confirms bullish momentum and reduces false breakouts.
🎯 Buy Targets:
TP1: $4,110
TP2: $4,124
TP3: $4,138
TP4: $4,150
🛑 Recommended Stop Loss:
Place SL below the breakout candle low or ≈ $4,085–4,088 based on your risk comfort.
📝 Reasoning:
A strong close above $4096 indicates buyers gaining control.
Targets move in 14–16 point intervals, ideal for intraday or short swing trades.
📉 SELL SETUP (Short Position)
➡️ Condition to Enter Sell:
Enter a SELL only if the 1-Hour candle closes below 4055.
This signals bearish continuation.
🎯 Sell Targets:
TP1: $4,042
TP2: $4,030
TP3: $4,018
TP4: $4,005
🛑 Recommended Stop Loss:
Place SL above the breakdown candle high or ≈ $4,062–4,067 depending on volatility.
📝 Reasoning:
A close below $4055 confirms downside pressure.
Targets decrease in 12–15 point steps, matching typical gold volatility on breakdowns.
🧠 TRADING TIPS
Always wait for candle close confirmation, not wick break.
Use 1–2% risk per trade to avoid major drawdowns.
Check news events (FOMC, CPI, NFP) before entering any trade.
Watch market structure on 15m for refined entries.
⚠️ DISCLAIMER
This analysis is for educational & informational purposes only.
It is NOT financial advice, and trading involves high risk.
You are responsible for your own trading decisions.
Always do your own analysis and use strict risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.