⚙️ Gold (XAU/USD) – H1 Time Frame Trade Plan
🧭 Current Market Bias (H1)
Check if price is above or below 50 EMA and 200 EMA
Above both = bullish bias
Below both = bearish bias
Between = range / indecision
✅ Bullish Trade Setup (Buy the Dip)
Entry Zone: $2,340 – $2,350 (recent demand zone)
Entry Signal: Bullish engulfing / hammer / RSI bounce from 40
Stop Loss: $2,325 (below recent swing low)
Take Profit 1: $2,370
Take Profit 2: $2,390
Risk:Reward: At least 1:2
❌ Bearish Trade Setup (Sell the Rally)
Entry Zone: $2,390 – $2,400 (strong resistance)
Entry Signal: Bearish engulfing / shooting star / RSI rejection from 70
Stop Loss: $2,415 (above previous swing high)
Take Profit 1: $2,360
Take Profit 2: $2,340
📌 Extra Tips
Use MACD crossovers or RSI divergence for confirmation.
Avoid entering during high-impact news (e.g., FOMC, CPI, NFP).
Consider partial closes and trailing stops if price action moves in your favor.
🧭 Current Market Bias (H1)
Check if price is above or below 50 EMA and 200 EMA
Above both = bullish bias
Below both = bearish bias
Between = range / indecision
✅ Bullish Trade Setup (Buy the Dip)
Entry Zone: $2,340 – $2,350 (recent demand zone)
Entry Signal: Bullish engulfing / hammer / RSI bounce from 40
Stop Loss: $2,325 (below recent swing low)
Take Profit 1: $2,370
Take Profit 2: $2,390
Risk:Reward: At least 1:2
❌ Bearish Trade Setup (Sell the Rally)
Entry Zone: $2,390 – $2,400 (strong resistance)
Entry Signal: Bearish engulfing / shooting star / RSI rejection from 70
Stop Loss: $2,415 (above previous swing high)
Take Profit 1: $2,360
Take Profit 2: $2,340
📌 Extra Tips
Use MACD crossovers or RSI divergence for confirmation.
Avoid entering during high-impact news (e.g., FOMC, CPI, NFP).
Consider partial closes and trailing stops if price action moves in your favor.
Trade active
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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.