Gold Trading Strategy for 24th Feb 2025

📊 GOLD INTRADAY TRADING PLAN 📊
📌 Strategy: This plan is based on the breakout of a significant level after a confirmed 1-hour candle close.

🟢 Buy Setup (Bullish Breakout)
🔹 Entry Condition: Enter a buy position above the high of the 1-hour candle that closes above 2945.
🔹 Targets:

🎯 First Target: 2954
🎯 Second Target: 2962
🎯 Third Target: 2970
🎯 Final Target: 2981
🔹 Stop Loss: Below the low of the entry candle.
🔹 Risk Management: Ensure proper lot sizing based on your risk appetite.
🔴 Sell Setup (Bearish Breakdown)
🔹 Entry Condition: Enter a sell position below the low of the 1-hour candle that closes below 2916.
🔹 Targets:

🎯 First Target: 2908
🎯 Second Target: 2900
🎯 Third Target: 2888
🎯 Final Target: 2878
🔹 Stop Loss: Above the high of the entry candle.
🔹 Risk Management: Follow strict position sizing and risk-reward ratio.
⚠ Important Notes:
📌 Confirmation is key – Wait for a full 1-hour candle close before entering a trade.
📌 Avoid trading during high-impact news events as they may cause sudden volatility.
📌 Use a trailing stop-loss to maximize profits in a strong trend.

🚨 Disclaimer:
This analysis is for educational purposes only and should not be considered as financial advice. Trading in financial markets involves significant risk, and past performance is not indicative of future results. Always trade with proper risk management and consult with a financial expert before making trading decisions. 📉📈