Gold Trading Levels
🔹 Buy Setup:
Buy Above: The high of the 1-hour candle that closes above 2917
📍 Targets: 2930, 2939, 2950
🔹 Sell Setup:
Sell Below: The low of the 1-hour candle that closes below 2890
📍 Targets: 2878, 2868, 2858
📌 Analysis:
Instead of entering trades immediately at 2917 or 2890, this strategy ensures confirmation by waiting for a full 1-hour candle close above or below these levels.
This approach helps filter out false breakouts and improves trade reliability.
If gold closes above 2917, traders should enter at the high of that closing candle for a potential bullish move.
If gold closes below 2890, traders should enter at the low of that closing candle for a possible bearish move.
📢 Disclaimer:
This trading analysis is for informational purposes only and does not constitute financial advice. Trading in commodities and financial markets involves significant risk, and past performance does not guarantee future results. Always conduct your own research and consult with a professional before making any trading decisions. The author or publisher is not responsible for any financial losses incurred based on this information. 🚨
🔹 Buy Setup:
Buy Above: The high of the 1-hour candle that closes above 2917
📍 Targets: 2930, 2939, 2950
🔹 Sell Setup:
Sell Below: The low of the 1-hour candle that closes below 2890
📍 Targets: 2878, 2868, 2858
📌 Analysis:
Instead of entering trades immediately at 2917 or 2890, this strategy ensures confirmation by waiting for a full 1-hour candle close above or below these levels.
This approach helps filter out false breakouts and improves trade reliability.
If gold closes above 2917, traders should enter at the high of that closing candle for a potential bullish move.
If gold closes below 2890, traders should enter at the low of that closing candle for a possible bearish move.
📢 Disclaimer:
This trading analysis is for informational purposes only and does not constitute financial advice. Trading in commodities and financial markets involves significant risk, and past performance does not guarantee future results. Always conduct your own research and consult with a professional before making any trading decisions. The author or publisher is not responsible for any financial losses incurred based on this information. 🚨
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