Gold Trading Strategy for 05th March 2025

📈 Gold Trading Strategy 📉
✅ Buy Setup (Long Position)
🔹 Entry Condition:

Enter a buy trade only if a 1-hour candle closes above 2930.
Place the buy order above the high of that 1-hour candle for confirmation.
🎯 Target Levels:
1️⃣ First Target (T1): 2943
2️⃣ Second Target (T2): 2953
3️⃣ Third Target (T3): 2963

🛑 Stop-Loss:

Below the low of the signal candle (the 1-hour candle that closes above 2930).
Alternatively, you can use a fixed risk-based stop-loss depending on your risk appetite.
📊 Additional Confirmation (Optional):
✔️ Check for strong bullish volume on the breakout.
✔️ Look for confluence with moving averages (like 50 EMA or 200 EMA) to strengthen the signal.
✔️ Ensure RSI is above 50, indicating bullish momentum.

❌ Sell Setup (Short Position)
🔹 Entry Condition:

Enter a sell trade only if a 15-minute candle closes below 2891.
Place the sell order below the low of that 15-minute candle for confirmation.
🎯 Target Levels:
1️⃣ First Target (T1): 2881
2️⃣ Second Target (T2): 2870
3️⃣ Third Target (T3): 2854

🛑 Stop-Loss:

Above the high of the signal candle (the 15-minute candle that closes below 2891).
Alternatively, you can use a risk-based SL, depending on your strategy.
📊 Additional Confirmation (Optional):
✔️ Check if bearish volume increases during the breakdown.
✔️ Ensure there’s no strong support level nearby.
✔️ RSI below 45 or breaking below 40 adds further confirmation.

⚠️ Risk Management & Disclaimer
📢 Important Notes:
🔹 Never risk more than 1-2% of your capital per trade.
🔹 Always use a trailing stop-loss to protect profits.
🔹 Avoid trading during high-impact news events, as volatility can be unpredictable.
🔹 Follow proper position sizing and ensure a good risk-to-reward ratio (minimum 1:2 or 1:3).

⚠️ Disclaimer: This trade setup is for educational purposes only and does not constitute financial advice. Please conduct your own research and use risk management before entering any trade. Trading involves risk, and past performance does not guarantee future results.