📈 XAUUSD Trade Setup 📉
⚠️ Market Condition
Currently, the market is stuck in a range, showing no clear breakout from key support or resistance levels. Avoid entering trades prematurely—wait for confirmation.
🔵 Buy Setup
Initiate a buy position if a candle breaks and closes above the resistance area.
Then, enter when the next candle breaks the high of the closing candle.
🔴 Sell Setup
Initiate a sell position if a candle breaks and closes below the support area.
Then, enter when the next candle breaks the low of the closing candle.
💡 Pro Tip:
Always wait for a clean breakout with strong volume and momentum. False breakouts are common—confirmation and patience are key to minimizing risk.
⚠️ Market Condition
Currently, the market is stuck in a range, showing no clear breakout from key support or resistance levels. Avoid entering trades prematurely—wait for confirmation.
🔵 Buy Setup
Initiate a buy position if a candle breaks and closes above the resistance area.
Then, enter when the next candle breaks the high of the closing candle.
🔴 Sell Setup
Initiate a sell position if a candle breaks and closes below the support area.
Then, enter when the next candle breaks the low of the closing candle.
💡 Pro Tip:
Always wait for a clean breakout with strong volume and momentum. False breakouts are common—confirmation and patience are key to minimizing risk.
Trade active
Trade active buy sideNote
Buy running 110 Pips from 3337 to 3348Secure some profit and set break even
Trade closed manually
Break even hit after booking 110 pips
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.
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.