Professional Gold Trading Plan
1. Sell at Resistance
Trade: If the price tests the 2,770 resistance zone and moves downward, place a sell order.
Stop Loss: At 2,780.
Take Profit: At 2,735.
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2. Buy at Support
Trade: If the price tests the 2,735 support zone and bounces upward, place a buy order.
Stop Loss: At 2,725.
Take Profit: At 2,770.
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3. Breakout Trading
Resistance Breakout: If the price breaks above 2,770, place a buy order.
Stop Loss: At 2,760.
Take Profit: At 2,790.
Support Breakout: If the price breaks below 2,735, place a sell order.
Stop Loss: At 2,745.
Take Profit: At 2,710.
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Risk Management
Risk per trade: 1-2% of your capital.
Use candlestick patterns and indicators for confirmation.
Trade: If the price tests the 2,770 resistance zone and moves downward, place a sell order.
Stop Loss: At 2,780.
Take Profit: At 2,735.
---
2. Buy at Support
Trade: If the price tests the 2,735 support zone and bounces upward, place a buy order.
Stop Loss: At 2,725.
Take Profit: At 2,770.
---
3. Breakout Trading
Resistance Breakout: If the price breaks above 2,770, place a buy order.
Stop Loss: At 2,760.
Take Profit: At 2,790.
Support Breakout: If the price breaks below 2,735, place a sell order.
Stop Loss: At 2,745.
Take Profit: At 2,710.
---
Risk Management
Risk per trade: 1-2% of your capital.
Use candlestick patterns and indicators for confirmation.
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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 our Telegram channel to receive free, high-quality trading signals. Stay ahead in the market with our expert insights!
t.me/LunaTrader_1
t.me/LunaTrader_1
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.