Xauusd sell

hace 4 días

For your XAU/USD (gold) sell trade entry at 2632, with multiple take-profit (TP) levels at 2620, 2610, and 2600, here's a plan to manage the trade effectively:

1. Entry: Sell at 2632.


2. Take Profits (TP):

TP1: 2620 (12 pips profit)

TP2: 2610 (22 pips profit)

TP3: 2600 (32 pips profit)



3. Stop Loss (SL):
Place your stop loss based on your risk tolerance or recent resistance levels (e.g., 2640 or above). This ensures a proper risk-reward ratio.


4. Risk Management:

Use 1–2% of your account balance per trade to manage risk.

Trail the stop loss as the price moves in your favor, locking in profits progressively.



5. Monitoring Key Levels:

Watch for potential reversal zones or support near your TP levels.

Ensure you're aware of economic news or events (e.g., U.S. data or Fed announcements) that could impact gold prices.




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