Gold's analysis - 24 Oct 2024

Güncellendi
2732 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 2713.5.

If price breaks above 2732 then it should hit 2742.5.

Below is our recommendation;

Trade 1 (Risk 0.5% of your account size);
Sell Gold @ 2727
Stop Loss @ 2732
Take Profit @ 2713.5

Trade 2 (Risk 1% of your account size);
Buy Stop Gold @ 2732
Stop Loss @ 2727
Take Profit @ 2742.5

*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
İşlem aktif
Trade 1 is active
İşlem kapandı: durdurma seviyesi
Trade 1 hit stop loss level
İşlem aktif
Trade 2 is active
İşlem elle kapatılmış
Trade 2 closed manually at 2738 as there is a resistance where price could potentially reverse.

Net profit + 700 pips
Yorum
Our trade 2 initial take profit level was spot on, gold reached a high of 2743.28.
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