Gold Trading Strategy 22nd November 2024
Aggiornato
Gold Trading Strategy
Current Price: 2669.140
Buy Above 2674
Action: Wait for a one-hour candle to close above 2674.
Target 1: 2685
Target 2: 2698
Stop Loss: 2660
Rationale: This level acts as a breakout point, suggesting bullish momentum if surpassed.
Sell Below 2647
Action: Wait for a one-hour candle to close below 2647.
Target 1: 2635
Target 2: 2622
Stop Loss: 2660
Rationale: A close below this level indicates bearish sentiment and potential further downside.
Key Levels Summary:
Resistance Levels:
2674 (Immediate resistance and breakout level)
2685 (First target)
2698 (Extended target if momentum persists)
Support Levels:
2647 (Immediate support and breakdown level)
2635 (First target)
2622 (Extended target on bearish continuation)
Disclaimer
This strategy is based on technical analysis and is provided for informational purposes only. It is not financial advice. The price of gold can be influenced by multiple factors, including economic news and geopolitical events, which may affect the levels and trading outcomes. Always manage your risk appropriately and consult a financial advisor if unsure.
Current Price: 2669.140
Buy Above 2674
Action: Wait for a one-hour candle to close above 2674.
Target 1: 2685
Target 2: 2698
Stop Loss: 2660
Rationale: This level acts as a breakout point, suggesting bullish momentum if surpassed.
Sell Below 2647
Action: Wait for a one-hour candle to close below 2647.
Target 1: 2635
Target 2: 2622
Stop Loss: 2660
Rationale: A close below this level indicates bearish sentiment and potential further downside.
Key Levels Summary:
Resistance Levels:
2674 (Immediate resistance and breakout level)
2685 (First target)
2698 (Extended target if momentum persists)
Support Levels:
2647 (Immediate support and breakdown level)
2635 (First target)
2622 (Extended target on bearish continuation)
Disclaimer
This strategy is based on technical analysis and is provided for informational purposes only. It is not financial advice. The price of gold can be influenced by multiple factors, including economic news and geopolitical events, which may affect the levels and trading outcomes. Always manage your risk appropriately and consult a financial advisor if unsure.
Trade chiuso: obiettivo raggiunto
current price 2706.
Declinazione di responsabilità
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