Gold's analysis - 22 Oct 2024
Updated
2733 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 2714.25.
If price breaks above 2733 then it should hit 2744.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell Gold @ 2728
Stop Loss @ 2733
Take Profit @ 2714.25
Trade 2 (Risk 1% of your account size);
Buy Stop Gold @ 2733
Stop Loss @ 2728
Take Profit @ 2744
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
If price breaks above 2733 then it should hit 2744.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell Gold @ 2728
Stop Loss @ 2733
Take Profit @ 2714.25
Trade 2 (Risk 1% of your account size);
Buy Stop Gold @ 2733
Stop Loss @ 2728
Take Profit @ 2744
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
Comment
Trade 1 is activeTrade closed: stop reached
Stop loss level of Trade 1 reachedTrade active
Trade 2 is activeTrade closed manually
Trade 2 closed manually in profit at 2739.2.
Comment
Net Profit = +740 pips Comment
If anyone was brave enough to hold it, just hit our target profit of 2744.
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