Gold Trading Strategy for 24th December 2024
Gold Trading Strategy
Key Levels (1-Hour Time Frame):
Buy Above: The high of the 1-hour candle that closes above 2620
Sell Below: The low of the 1-hour candle that closes below 2605
Targets:
Upside Targets: 2632, 2647, 2658
Downside Targets: 2592, 2578, 2567
Strategy Details:
Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 2620, aiming for targets of 2632, 2647 and 2658.
Sell Signal: Enter a sell position below the low of the 1-hour candle that closes below 2605, aiming for targets of 2592, 2578, and 2567.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Key Levels (1-Hour Time Frame):
Buy Above: The high of the 1-hour candle that closes above 2620
Sell Below: The low of the 1-hour candle that closes below 2605
Targets:
Upside Targets: 2632, 2647, 2658
Downside Targets: 2592, 2578, 2567
Strategy Details:
Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 2620, aiming for targets of 2632, 2647 and 2658.
Sell Signal: Enter a sell position below the low of the 1-hour candle that closes below 2605, aiming for targets of 2592, 2578, and 2567.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
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