Step 1: Identify USD Trend

• Use key indicators to determine if the U.S. dollar is strong or weak:
  • DXY (Dollar Index):
    • Rising → Strong USD (short gold).
    • Falling → Weak USD (buy gold).
  • News Impact: Major events (NFP, CPI, FOMC) affecting USD strength.
  • Market Sentiment: Risk-on (weak USD) vs. risk-off (strong USD).

Step 2: Confirm Gold’s Direction

• Use a strength meter and H1/H4 charts to check if gold aligns with USD trends.
• Identify if gold’s price has room to move (no major support/resistance nearby).

Step 3: Set Up Trade and Manage Risk

• Entry: Based on strength confirmation and trend alignment.
• Take Profit (TP): 15 pips.
• Stop Loss (SL): 30-40 pips to maintain a 1:2+ risk/reward ratio.
• Lot Size: Adjust to risk 1-2% of your trading capital.

Step 4: Monitor and Adjust if Necessary

• Let the trade run if price action is favorable.
• Move SL to breakeven only after gains are secured.
• Exit early if major news changes market dynamics.

Step 5: Review and Learn

Analyze performance to refine future trades.ls, monitor the news closely, and trade with discipline to navigate the week ahead.

Record entry, exit, TP/SL hits, and strategy accuracy.