Gold's analysis - 22 Oct 2024
2733 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 2714.25.
If price breaks above 2733 then it should hit 2744.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell Gold @ 2728
Stop Loss @ 2733
Take Profit @ 2714.25
Trade 2 (Risk 1% of your account size);
Buy Stop Gold @ 2733
Stop Loss @ 2728
Take Profit @ 2744
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
If price breaks above 2733 then it should hit 2744.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell Gold @ 2728
Stop Loss @ 2733
Take Profit @ 2714.25
Trade 2 (Risk 1% of your account size);
Buy Stop Gold @ 2733
Stop Loss @ 2728
Take Profit @ 2744
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
Note
Trade 1 is activeTrade closed: stop reached
Stop loss level of Trade 1 reachedTrade active
Trade 2 is activeTrade closed manually
Trade 2 closed manually in profit at 2739.2.
Note
Net Profit = +740 pips Note
If anyone was brave enough to hold it, just hit our target profit of 2744.
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.