Gold's analysis - 25 Oct 2024
2720 acts as an important level today & if price stays above this level then we expect it to hit our target profit at 2734.75
If price breaks below 2720 then it should hit 2711.5
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Buy Gold @ 2725
Stop Loss @ 2720
Take Profit @ 2734.75
Trade 2 (Risk 1% of your account size);
Sell Stop Gold @ 2720
Stop Loss @ 2725
Take Profit @ 2711.5
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
If price breaks below 2720 then it should hit 2711.5
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Buy Gold @ 2725
Stop Loss @ 2720
Take Profit @ 2734.75
Trade 2 (Risk 1% of your account size);
Sell Stop Gold @ 2720
Stop Loss @ 2725
Take Profit @ 2711.5
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
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.