Gold Trading Strategy for 26th November 2024
Gold Trading Strategy: Buy Above 2,644 / Sell Below 2,615
Current Price: 2,625.00 USD
Key Levels:
Buy Signal: If the price closes above 2,644 on the one-hour candle, it indicates an upward momentum, suggesting a good time to consider buying.
Sell Signal: If the price closes below 2,615 on the one-hour candle, it suggests a downward momentum, indicating it might be a good time to consider selling.
Support and Resistance Levels:
Resistance: 2,660 and 2,679
Support: 2,600 and 2,580
Recommendations:
Buy: If the price sustains above 2,644 on the one-hour candle close, consider entering long positions. Book partial profits at 2,655 levels or use a trailing stop loss to protect your profit, with targets at 2,660 and 2,679.
Sell: If the price breaks below 2,615 on the one-hour candle close, consider short positions. Book partial profits at 2,600 levels or use a trailing stop loss to protect your profit, with targets at 2,595 and 2,580.
Disclaimer: This analysis is for educational purposes only. Always trade with stop-loss and trailing stop-loss to protect your profit and limit your loss. Buy only above the high of the one-hour candle close and sell below the low of the one-hour candle close. Please conduct your own analysis before making any trading decisions.
Current Price: 2,625.00 USD
Key Levels:
Buy Signal: If the price closes above 2,644 on the one-hour candle, it indicates an upward momentum, suggesting a good time to consider buying.
Sell Signal: If the price closes below 2,615 on the one-hour candle, it suggests a downward momentum, indicating it might be a good time to consider selling.
Support and Resistance Levels:
Resistance: 2,660 and 2,679
Support: 2,600 and 2,580
Recommendations:
Buy: If the price sustains above 2,644 on the one-hour candle close, consider entering long positions. Book partial profits at 2,655 levels or use a trailing stop loss to protect your profit, with targets at 2,660 and 2,679.
Sell: If the price breaks below 2,615 on the one-hour candle close, consider short positions. Book partial profits at 2,600 levels or use a trailing stop loss to protect your profit, with targets at 2,595 and 2,580.
Disclaimer: This analysis is for educational purposes only. Always trade with stop-loss and trailing stop-loss to protect your profit and limit your loss. Buy only above the high of the one-hour candle close and sell below the low of the one-hour candle close. Please conduct your own analysis before making any trading decisions.
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