Gold Trading Strategy for 07th Aug 2025

💰 GOLD INTRADAY STRATEGY (XAU/USD)
Timeframe Focus: 1-Hour (H1) Candle

📈 BUY STRATEGY (Long Position)
1️⃣ Condition to Enter Buy:
Wait for a 1-hour candle to close above $3377.
After the candle closes, check if the next candle breaks above its high.
Enter Buy above the high of that confirmed candle.
2️⃣ Profit Targets:
🎯 Target 1: $3388 – First booking / partial exit
🎯 Target 2: $3399 – Second booking / trail stop loss
🎯 Target 3: $3410 – Final target for the move
3️⃣ Stop Loss (Risk Control):
Place SL below the low of the confirmed 1-hour candle.
Move SL to cost once Target 1 is achieved.

📉 SELL STRATEGY (Short Position)
1️⃣ Condition to Enter Sell:
Wait for a 1-hour candle to close below $3358.
After the candle closes, check if the next candle breaks below its low.
Enter Sell below the low of that confirmed candle.
2️⃣ Profit Targets:
🎯 Target 1: $3348 – First booking / partial exit
🎯 Target 2: $3338 – Second booking / trail stop loss
🎯 Target 3: $3328 – Final target for the move
3️⃣ Stop Loss (Risk Control):
Place SL above the high of the confirmed 1-hour candle.
Move SL to cost after Target 1 is achieved.

📌 Risk Management & Tips:
Never risk more than 1–2% of your capital on a single trade.
Follow confirmation candle close strictly – avoid early entries.
Always trail stop loss to protect profits.
Avoid trading during high-impact news unless you are experienced.

⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Trading in commodities, including Gold (XAU/USD), involves high risk of financial loss. Use proper risk management and consult your financial advisor before making trading decisions. Trade at your own risk.