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XAU/USD Trading Alert
Aug 10 at 11:34
Member Since Aug 15, 2023
16 posts
1. SELL 3392–3394Initiate a short position when price enters the 3392 to 3394 range.
2. Stop Loss – 3400Place SL above your entry zone. This caps your potential loss if the market reverses upward.
3. Take Profit LevelsSet staggered exit targets to scale out and lock in profits:
TP1 at 3390TP2 at 3386TP3 at 33824. Layer SlowlyInstead of entering the full position at once, divide it into smaller slices within your entry range. This helps with execution quality and reduces the impact of volatility.
5. Proper Money ManagementOnly risk a small, predefined percentage of your account on this trade. Adjust your position size against the SL distance to manage risk effectively.
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