XAUUSD GOLD Quick Trade Recap
Entry: 3004 (buy)
Targets:
TP1: 3040
TP2: 3115
TP3: 3163
This gives you a nice R-multiple especially if your stop is tight and placed wisely.
Suggestions & Checks
1. Trendline Break Confirmation
Did the candle close above the trendline?
Was it a strong body candle or a weak breakout (e.g., wick-heavy)?
Is it above a previous swing high or resistance?
2. Stop-Loss Placement
Under the breakout candle?
Below the trendline?
Below last higher low (safer but wider)?
3. Volume Spike
Did you check if volume increased during the breakout?
Weak volume = fakeout risk.
4. Confluence Factors
Any moving averages aligning?
Fibonacci levels lining up with your targets?
RSI divergence or MACD crossover?
5. Macro Watch
Upcoming US CPI/PPI or NFP?
Fed speakers, interest rate hints?
Geopolitical tensions?
Risk-to-Reward Example
Let’s say stop is at 2980:
TP1 (3040): R:R = ~1.38
TP2 (3115): R:R = ~4.63
TP3 (3163): R:R = ~6.63
Those are very favorable, especially if you scale out at each level.
Want help plotting this in a chart or backtesting similar setups? Or want help setting this up in MQL5?
Entry: 3004 (buy)
Targets:
TP1: 3040
TP2: 3115
TP3: 3163
This gives you a nice R-multiple especially if your stop is tight and placed wisely.
Suggestions & Checks
1. Trendline Break Confirmation
Did the candle close above the trendline?
Was it a strong body candle or a weak breakout (e.g., wick-heavy)?
Is it above a previous swing high or resistance?
2. Stop-Loss Placement
Under the breakout candle?
Below the trendline?
Below last higher low (safer but wider)?
3. Volume Spike
Did you check if volume increased during the breakout?
Weak volume = fakeout risk.
4. Confluence Factors
Any moving averages aligning?
Fibonacci levels lining up with your targets?
RSI divergence or MACD crossover?
5. Macro Watch
Upcoming US CPI/PPI or NFP?
Fed speakers, interest rate hints?
Geopolitical tensions?
Risk-to-Reward Example
Let’s say stop is at 2980:
TP1 (3040): R:R = ~1.38
TP2 (3115): R:R = ~4.63
TP3 (3163): R:R = ~6.63
Those are very favorable, especially if you scale out at each level.
Want help plotting this in a chart or backtesting similar setups? Or want help setting this up in MQL5?
Trade active
"GOLD BUY from 3013 — now flying at 3078 +650 pips in profit and running. BOOM!"Trade closed: target reached
"GOLD BUY from 3013 — now flying at 3160! That’s +1520 pips in profit, all TPs smashed! BOOM!"Note
ALL TARGET 3160 DONE 
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.