Gold's analysis - 25 Oct 2024
2720 acts as an important level today & if price stays above this level then we expect it to hit our target profit at 2734.75
If price breaks below 2720 then it should hit 2711.5
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Buy Gold @ 2725
Stop Loss @ 2720
Take Profit @ 2734.75
Trade 2 (Risk 1% of your account size);
Sell Stop Gold @ 2720
Stop Loss @ 2725
Take Profit @ 2711.5
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
If price breaks below 2720 then it should hit 2711.5
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Buy Gold @ 2725
Stop Loss @ 2720
Take Profit @ 2734.75
Trade 2 (Risk 1% of your account size);
Sell Stop Gold @ 2720
Stop Loss @ 2725
Take Profit @ 2711.5
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
Aviso legal
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