Gold Trading Strategy for 24th July 2025

🟡 GOLD TRADING
Timeframe: 🕐 1-Hour Candle
Strategy: Breakout Method (Buy above High / Sell below Low)

✅ BUY SETUP – LONG TRADE
📌 Condition to Buy:
Wait for a 1-hour candle to close above $3411.
Then, Buy above the high of that candle.

📍 Example:
A 1-hour candle closes at $3412
The high of that candle is $3415
Your Buy Entry = $3415.10 (just above the high)

🎯 Target Levels:
Target 1: $3421
Target 2: $3431
Target 3: $3441
🛡️ Stop Loss: Below the low of the breakout candle (e.g., $3405)

🟢 Reason to Buy:
A close above $3411 followed by a breakout of the high suggests bullish momentum.

🔻 SELL SETUP – SHORT TRADE
📌 Condition to Sell:
Wait for a 1-hour candle to close below $3371.
Then, Sell below the low of that candle.

📍 Example:
A 1-hour candle closes at $3370
The low of that candle is $3368
Your Sell Entry = $3367.90 (just below the low)

🎯 Target Levels:
Target 1: $3361
Target 2: $3351
Target 3: $3341
🛡️ Stop Loss: Above the high of the breakdown candle (e.g., $3376)

🔴 Reason to Sell:
A close below $3371 followed by a breakdown of the low suggests bearish pressure.

📘 TIPS
🧠 Don’t enter early – wait for the candle to close above/below the level
🎯 Set alerts at the entry points or use pending orders
📉 Always use a stop loss – never trade without it
💰 Risk only 1–2% of your capital per trade
🕒 Avoid trading during news events – use an economic calendar
📊 Practice first on a demo account if you’re new to trading

⚠️ DISCLAIMER
💬 This trading idea is shared for educational purposes only. Trading gold or any financial instrument carries risk of capital loss. Please do your own analysis or consult a certified financial advisor before entering trades. We are not responsible for any financial gains or losses that may result from your decisions.