Here’s a my structured analysis and actionable plan for the gold trade based on the levels provided:
---
### *Trade Setup Summary*
- *Current Position: 3035 (assumed entry for a **long position*)
- *Targets*:
1. *First Target (T1)*: 3052 (+17 points from entry)
2. *Second Target (T2)*: 3062 (+27 points from entry)
- *Stop Loss (SL)*: 3015 (-20 points from entry)
---
### *Key Calculations*
1. *Risk-Reward Ratio*:
- *Risk*: 20 points (3035 → 3015).
- *Reward*:
- T1: 17 points (0.85:1 – suboptimal).
- T2: 27 points (1.35:1 – acceptable if partial profits are taken at T1).
2. *Position Sizing*:
- Example: If risking $200 (1% of a $20k account), each point = $10.
- Position size = $200 / 20 points = *$10 per point*.
---
### *Execution Strategy*
1. *Entry*:
- Already entered at *3035* (confirm if this is a market order or pending limit entry).
2. *Profit-Taking*:
- *T1 (3052)*: Close 50-70% of the position to lock in gains.
- *T2 (3062)*: Trail the remaining position with a tight stop (e.g., move SL to breakeven or 3040).
3. *Stop Loss Management*:
- Keep SL at *3015* unless price action invalidates the setup earlier.
- Adjust SL to *breakeven* (3035) if price reaches T1 to eliminate risk.
---
### *Technical Context (Assumptions)*
- *Why 3052/3062?*: Likely resistance levels (previous highs, Fibonacci extensions, or trendline breaks).
- *Why SL at 3015?*: Likely a swing low or support zone. Validate with recent price structure.
---
### *Market Factors to Monitor*
1. *Gold Catalysts*:
- USD strength (e.g., Fed policy, CPI data).
- Geopolitical risks (safe-haven demand).
- Real yields (rising yields can pressure gold).
2. *Price Action*:
- Rejection at T1/T2 (watch for bearish candlesticks like shooting stars).
- Volume spikes near targets (indicates institutional interest).
---
### *Risk Mitigation*
- *Avoid greed*: Stick to scaling out at T1/T2.
- *News Events*: Be cautious around high-impact data (e.g., NFP, FOMC).
- *Alternate Scenario*: If price breaks below 3015, stay out until a new setup forms.
---
### *Visual Plan*
Price Action:
3035 (Entry) → 3052 (T1: take partial profit) → 3062 (T2: close remaining)
SL: 3015 (unload if breached)
This approach balances capital preservation and profit potential. Always validate levels with real-time charts and adjust if market structure shifts.
---
### *Trade Setup Summary*
- *Current Position: 3035 (assumed entry for a **long position*)
- *Targets*:
1. *First Target (T1)*: 3052 (+17 points from entry)
2. *Second Target (T2)*: 3062 (+27 points from entry)
- *Stop Loss (SL)*: 3015 (-20 points from entry)
---
### *Key Calculations*
1. *Risk-Reward Ratio*:
- *Risk*: 20 points (3035 → 3015).
- *Reward*:
- T1: 17 points (0.85:1 – suboptimal).
- T2: 27 points (1.35:1 – acceptable if partial profits are taken at T1).
2. *Position Sizing*:
- Example: If risking $200 (1% of a $20k account), each point = $10.
- Position size = $200 / 20 points = *$10 per point*.
---
### *Execution Strategy*
1. *Entry*:
- Already entered at *3035* (confirm if this is a market order or pending limit entry).
2. *Profit-Taking*:
- *T1 (3052)*: Close 50-70% of the position to lock in gains.
- *T2 (3062)*: Trail the remaining position with a tight stop (e.g., move SL to breakeven or 3040).
3. *Stop Loss Management*:
- Keep SL at *3015* unless price action invalidates the setup earlier.
- Adjust SL to *breakeven* (3035) if price reaches T1 to eliminate risk.
---
### *Technical Context (Assumptions)*
- *Why 3052/3062?*: Likely resistance levels (previous highs, Fibonacci extensions, or trendline breaks).
- *Why SL at 3015?*: Likely a swing low or support zone. Validate with recent price structure.
---
### *Market Factors to Monitor*
1. *Gold Catalysts*:
- USD strength (e.g., Fed policy, CPI data).
- Geopolitical risks (safe-haven demand).
- Real yields (rising yields can pressure gold).
2. *Price Action*:
- Rejection at T1/T2 (watch for bearish candlesticks like shooting stars).
- Volume spikes near targets (indicates institutional interest).
---
### *Risk Mitigation*
- *Avoid greed*: Stick to scaling out at T1/T2.
- *News Events*: Be cautious around high-impact data (e.g., NFP, FOMC).
- *Alternate Scenario*: If price breaks below 3015, stay out until a new setup forms.
---
### *Visual Plan*
Price Action:
3035 (Entry) → 3052 (T1: take partial profit) → 3062 (T2: close remaining)
SL: 3015 (unload if breached)
This approach balances capital preservation and profit potential. Always validate levels with real-time charts and adjust if market structure shifts.
Trade active
trade active from 3035 keep hold in buy zoneNote
first target done 3052 profit runing 170 pips Note
keep hold 2nd target 3062Trade closed: target reached
target done
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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 telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.