Gold Breakout Trading Strategy: Seizing Opportunities Above 2315

If we observe a bullish hourly candle closing above 2315, it suggests that gold may not face resistance until reaching 2329. Therefore, if we see a bullish hourly candle closing above 2315.50 , we could consider entering a small buy position with a stop loss at 2307 and a target of 2329 and if price gets rejection from 2332-38 area we can plan a good sell.

Comment:

2315.50 to 2324.40 Almost 90 Pips Within an Hour

Trade closed: target reached:

Our buy target, ranging from 2315 to 2332, has yielded approximately 170 pips within a span of less than 12 hours, demonstrating no drawdown. As predicted, the price experienced rejection within our designated zone of 2332-36 and moved down to 2323, resulting in nearly 90 pips in the sell direction as well. We anticipate further downside movement once the H1 candle closes below 2323.

Trade closed: target reached:

Market Has Moved Exactly As Anticipated From 2315 to 2332 and Than 2330 t0 2310 Bagging 150 pips in buy and 200 pips in sell combining 350 pips move in 24 hr only .

Trade closed: target reached:

Made Low Of 2303.70 Almost 270 Pips In Sell And 150 Pips In Buy In Single Chart