XAU/USD Directional Trade Setup
- Entry Point: Ensure the trade is executed only at the designated entry level. Patience is key to maximizing the setup's potential.
- Stop-Loss (SL): Strictly adhere to the stop-loss. Exiting on a close below the specified SL level is essential to protect capital and manage risk.
- Take-Profit (TP): This setup offers a minimum...
I believe it's a great opportunity to capitalize on the recent upward movement in XAUUSD and to take advantage of a favorable selling setup in the near future.
Because the market hasn't reached our entry point, we can't enter into this trade, but the market is still on our side, so we can recite a failed with no profit and no loss for this trade.
In XAUUSD i found a good selling setup. But must strict to SL and Entry point because Gold is at it's all time high and continously breaking it's high ahain and again.
As we can clearly see, that there is a lack of momentum. Exiting this trade will be a good option. We will be taking another entry. Xauusd is still at Breakeven. So exiting this trade will be a good choice.
As suggested gold has broken upper level now we are long on gold and SL has been set below entry candle and target should be 1:3 and you must trail your stop loss as we don't have exact level this time as gold is at it's ATH.
Gold is in sideways condition and now it's trying to break it's upper handle and once it break the high this time, then with full confirmation this could be a Buy setup and then SL should be at the below entry candle and always trail your Stop Loss.
This setup has failed as mentioned it unable to close below our entry zone, Looking for another setup to form and stay tuned for more Technical Analysis.
XAUUSD is forming an Head & Shoulder Pattern in 30 min TF.
Once it break down this will be forming an Sell setup.
Target as mentioned, SL as per candle formation.
Gold is in sideways condition in this situation we should take entry as per market shows the direction, I have clearly mentioned how to take entry where to take entry and where should be the target but SL should be at the opening of entry candle.
