Key levels:

The two marked zones (long and short) are important support and resistance levels, defended by buyers and sellers respectively.

Strategy:
We are looking for a decisive breakout of one of these areas with a tight stop loss.

Trade management:
Once the trade is initiated, we allow it to run with partial profit taking on 3 levels:

TP1
TP2
TP3

Thanks to the volatility of gold. A trade never lasts more than one day.

Drop a batch if you like the idea and follow the daily settings 🚀

Source link