Gold Trading Strategy for 29th July 2025

📢 GOLD Intraday Trade Setup📢
💰 Instrument: GOLD (XAU/USD)
📊 Strategy Type: Price Action Breakout (Candle Confirmation)
🕒 Recommended Timeframes: 15-Min, 30-Min or 1 hour Charts

✅ Buy Setup (Bullish Breakout Strategy)
🟢 Buy Above: $3336

📌 Entry Rule:
Wait for a strong bullish candle to close above $3336.
📈 Enter above the high of that closing candle for confirmation.

🎯 Targets:
🔹 Target 1: $3347
🔹 Target 2: $3358
🔹 Target 3: $3369

🔐 Stop-Loss: Just below the breakout candle's low or below $3330 support area.

🔻 Sell Setup (Bearish Breakdown Strategy)
🔴 Sell Below: $3300

📌 Entry Rule:
Wait for a strong bearish candle to close below $3300.
📉 Enter below the low of that closing candle for confirmation.

🎯 Targets:
🔸 Target 1: $3288
🔸 Target 2: $3277
🔸 Target 3: $3266

🔐 Stop-Loss: Just above the breakdown candle's high or above $3307 resistance.

🧠 Pro Tips for Today:

Use Volume and RSI to confirm breakout strength.

Avoid entries during high impact news events (check economic calendar).

Maintain risk-reward ratio of at least 1:2.

🧰 Tools to Use:
📍 Support/Resistance Levels
📉 Trendlines
🔁 Moving Averages (EMA 20/50)
📊 Volume Profile

⚠️ Disclaimer:
This content is for educational purposes only. Trading in financial markets involves substantial risk and is not suitable for all investors. Please conduct your own research or consult a certified financial advisor before making any trading decisions. We are not liable for any financial loss or gain based on this information.