Gold Trading Strategy for 29th August 2025

🟡 GOLD Trading Strategy (1-Hour Candle Breakout Method)

📌 Overview
This strategy is based on the breakout of a one-hour candle. We wait for confirmation by ensuring the candle closes above or below a key price level. Once confirmed, we plan our entry above the high (for buy) or below the low (for sell) of that candle. This helps avoid false breakouts.

🔼 Buy Setup (Long Position)

Condition: Wait for a 1-hour candle to close above $3428.

Entry Point: Place a buy order above the high of that candle.

Targets:
🎯 Target 1 → $3438
🎯 Target 2 → $3448
🎯 Target 3 → $3458

Stop Loss: Below the low of the breakout candle (to manage risk).

🔽 Sell Setup (Short Position)

Condition: Wait for a 1-hour candle to close below $3406.

Entry Point: Place a sell order below the low of that candle.

Targets:
🎯 Target 1 → $3396
🎯 Target 2 → $3386
🎯 Target 3 → $3376

Stop Loss: Above the high of the breakout candle (to protect from reversals).

📊 Why This Works

✅ Helps filter out false breakouts since we wait for the candle to close before entering.
✅ Provides clear entry, target, and stop loss levels.
✅ Works best in high-volatility markets like Gold (XAU/USD).

⚠️ Disclaimer
This strategy is shared for educational purposes only. It does not constitute financial or investment advice. Trading in gold, forex, or commodities involves high risk and may result in the loss of your capital. Always do your own analysis, manage your risk carefully, and trade responsibly.