CFDs on Gold (US$ / OZ)
Long
Updated

Trade Plan (Multi-Leg Strategy)

747
This chart outlines a two-phase trading strategy:
▶ Buy from the demand zone, followed by
▶ Sell from the resistance/range zone.


🟦 Phase 1: Buy Setup
Buy Entry: Around 3301 (marked demand/support zone)

: TP1 (Take Profit): 3340–3350 zone (previous supply/resistance area)

: The price is expected to bounce from this demand zone and rally toward the Range Zone.


🟧 Phase 2: Sell Setup (After Confirmation)
Sell Zone: After price hits 3340–3350 and confirms rejection in the Range Zone

> TP1 for Sell: 3310–3300 zone

> Final Target: 3250 (major support level)

> This move expects a bearish reversal after failing to break the range top.


🟡 Key Notes:
Range Zone = 3340–3350 is a key decision point. Wait for a reversal signal (e.g., double top, bearish engulfing) before shorting.

The setup blends support/resistance, price action, and zone trading logic.


✅ Summary:
Buy from 3301 → TP at 3340–3350

Sell from 3340–3350 (after confirmation) → TP1: 3300, TP2: 3250
Trade active
Congrats guys we almost hit our buy trade tp. Buy setup gave us about 400 pips.
Now soon our Sell trade will be active must wait for the confirmation before entering for sell entry.
Enjoy your day guys, stay tuned for more updates.
Note
As you saw yesterday, our sell area proved highly effective. The market touched 3348 and dropped significantly, giving us over 300 pips. Currently, the market has returned to this range, and after the news, it dropped another 250+ pips, so our sell trade is still on track to hit our target.
Stay tuned for more update.

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.