Professional Trading Plan for Gold
(XAU/USD)
1. Sell Zone:
Level: 2885 - 2891
Wait for bearish confirmation (e.g., Shooting Star, Bearish Engulfing) before entering a sell trade.
Label on the chart: "Potential Sell Zone."
2. Entry Confirmation:
Look for price rejection from the Sell Zone or a bearish trendline break before entering.
3. Take Profit Zone:
Level: 2812 - 2815
This is your target for taking profits.
Label on the chart: "Take Profit Target."
4. Stop Loss:
Level: 2893.50
Place stop loss slightly above the Sell Zone.
Label on the chart: "Stop Loss."
5. Risk/Reward Ratio:
Maintain at least a 1:3 risk/reward ratio for this trade.
6. Additional Notes:
Use indicators like RSI or MACD for additional confirmation.
Apply Fibonacci Retracement from 2885 to 2812 to validate levels.
7. Trailing Stop:
As the price moves in your favor, adjust the stop loss to secure profits.
1. Sell Zone:
Level: 2885 - 2891
Wait for bearish confirmation (e.g., Shooting Star, Bearish Engulfing) before entering a sell trade.
Label on the chart: "Potential Sell Zone."
2. Entry Confirmation:
Look for price rejection from the Sell Zone or a bearish trendline break before entering.
3. Take Profit Zone:
Level: 2812 - 2815
This is your target for taking profits.
Label on the chart: "Take Profit Target."
4. Stop Loss:
Level: 2893.50
Place stop loss slightly above the Sell Zone.
Label on the chart: "Stop Loss."
5. Risk/Reward Ratio:
Maintain at least a 1:3 risk/reward ratio for this trade.
6. Additional Notes:
Use indicators like RSI or MACD for additional confirmation.
Apply Fibonacci Retracement from 2885 to 2812 to validate levels.
7. Trailing Stop:
As the price moves in your favor, adjust the stop loss to secure profits.
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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.
"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.