Im planning a gold (XAU/USD) trade based on a trend line breakout strategy. Here's a breakdown of your setup:
**Trade Summary:**
- **Action:** SELL GOLD
- **Entry Price:** 3384
- **Target 1 (TP1):** 3352 (-32 points)
- **Target 2 (TP2):** 3322 (-62 points)
- **Strategy:** Trend line breakout (likely a breakdown below support).
### Key Considerations:
1. **Confirmation:**
- Ensure the trend line breakout is confirmed (e.g., a close below the trend line with momentum, high volume, or candlestick patterns like a bearish engulfing).
- Watch for retests of the broken trend line (now resistance) for added validity.
2. **Risk Management:**
- Place a stop-loss (SL) above the trend line or a recent swing high (e.g., 3405–3415, depending on volatility).
- Risk-reward ratio: TP1 offers ~1:1 if SL is ~30 points, TP2 ~1:2.
3. **Targets:**
- TP1 (3352): Partial profit-taking level.
- TP2 (3322): Final target, possibly near a support zone (adjust based on price structure).
4. **Market Context:**
- Check higher timeframes (H4/Daily) for alignment with the downtrend.
- Monitor USD strength, yields, or geopolitical news impacting gold.
Would you like help refining the stop-loss or analyzing the chart structure further?
**Trade Summary:**
- **Action:** SELL GOLD
- **Entry Price:** 3384
- **Target 1 (TP1):** 3352 (-32 points)
- **Target 2 (TP2):** 3322 (-62 points)
- **Strategy:** Trend line breakout (likely a breakdown below support).
### Key Considerations:
1. **Confirmation:**
- Ensure the trend line breakout is confirmed (e.g., a close below the trend line with momentum, high volume, or candlestick patterns like a bearish engulfing).
- Watch for retests of the broken trend line (now resistance) for added validity.
2. **Risk Management:**
- Place a stop-loss (SL) above the trend line or a recent swing high (e.g., 3405–3415, depending on volatility).
- Risk-reward ratio: TP1 offers ~1:1 if SL is ~30 points, TP2 ~1:2.
3. **Targets:**
- TP1 (3352): Partial profit-taking level.
- TP2 (3322): Final target, possibly near a support zone (adjust based on price structure).
4. **Market Context:**
- Check higher timeframes (H4/Daily) for alignment with the downtrend.
- Monitor USD strength, yields, or geopolitical news impacting gold.
Would you like help refining the stop-loss or analyzing the chart structure further?
Trade active
trade active Note
gold falling start keep holdTrade closed: target reached
target successful done
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
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Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.