Gold is trading around $4,075–$4,090 per ounce and is down about 2% on the day, after a pullback from its recent highs.
When to take the trade: Do not chase the price. Wait for gold to pull back into the $4,040–$4,060 area and show a bullish reaction there (a strong rejection candle on the 1-hour or 4-hour chart). Enter near 4,050.
Stop loss: 4,010. If price closes below this level, the idea is invalid and we step aside.
Targets: TP1 at 4,100, TP2 at 4,150, TP3 at 4,220. Consider moving the stop to breakeven once TP1 is hit.
What can move gold: US data (jobless claims, CPI), the US dollar and interest-rate expectations. Avoid opening new trades right before major news.
Risk note: Risk only 1–2% of your account on one trade. This is an educational idea, not financial advice.