A structured trading plan must always include a clear invalidation level. In today’s SELL trade setup on Gold (XAUUSD) at 4167, we have placed our dynamic invalidation point (Stop Loss) at 4177.
If the market crosses 4177, it confirms a structural shift, rendering our buy/sell setup invalid. Respecting this level ensures we cut our losses quickly and preserve our trading balance. Never trade without an active invalidation target.
If the setup holds, we anticipate a solid move toward our profit targets at TP1: 4157, TP2: 4147, and TP3: 4137. Move your stops to breakeven once TP1 is hit.