XAUUSD (Gold) Trading Plan – H1 TimeframeGoldOANDA:XAUUSDKhairambo📅 Period: Final Week of August 2025 📊 Strategy: Pennant Chart Pattern + Trend Continuation 📌 Key Focus: Selling from upper resistance after confirmation of bearish momentum 🧠 Market Context (H1) Gold is currently forming a pennant chart pattern on the H1 timeframe. This structure reflects consolidation after a strong prior move, with price compressing between converging trendlines. Historically, pennants act as continuation patterns, meaning the breakout is likely to follow the existing dominant trend (bearish bias for this setup). Since the pennant is nearing its apex, the final week of August is critical for a decisive move. 🔍 Why Sell Bias? Market momentum remains tilted to the downside after the earlier strong move down. Price is expected to retest the 3389 resistance area, which aligns with the pennant’s upper boundary. If the bearish trend remains strong, this zone offers the best low-risk entry point for shorts. The sell plan follows a step-by-step retracement + target-taking approach to secure profits along the way, instead of holding blindly. 📊 Execution Plan (Step-by-Step) 1️⃣ Sell Entry Zone Entry Trigger: Wait for price to reach 3389 zone (upper pennant resistance). Look for confirmation that selling pressure is strong (bearish engulfing, rejection wick, or strong red candle close on H1). Do not sell blindly; wait for market structure to confirm continuation. 2️⃣ Targeting Strategy The trade will be managed in 3 stages, with partial exits and retracement waiting points: 🎯 Target 1: 3375 Price expected to retrace here after rejection at 3389. First profit-taking zone. At this stage: Close partial position (30–40%). Move stop loss to breakeven. Wait for retracement bounce before re-engaging. 🎯 Target 2: 3362 If bearish continuation holds, price should drive further down to 3362 support area. At this stage: Close another portion of the trade (30–40%). Monitor Stochastic/MACD momentum for potential divergence signals. Wait for minor retracement before continuation. 🎯 Target 3: 3340 (Final) Major support zone, aligning with pennant measured-move expectation. This is the final target for the week if bearish trend remains intact. Full exit here recommended unless H4 shows potential for further breakdown. 3️⃣ Stop Loss Placement Initial SL: 3396 (above pennant resistance zone). Trailing SL: Adjust after each target is reached: After TP1: Move SL to entry. After TP2: Trail SL above 3370 retracement level. Final target: Allow price to reach 3340 with tight trailing stop. 📑 Summary Table EntryConditionTargetsStop LossTrade Management 3389Bearish confirmation at pennant resistance3375 / 3362 / 33403396Scale out profits, trail stop after TP1 ⚠️ Risk & Trade Management Rules Risk per trade: Max 1–2% of account equity. Enter with smaller position at 3389 and scale in if confirmation is strong. Always protect capital by securing partial profits at each retracement target. Avoid overtrading if pennant breaks upward against the plan; reassess market structure instead. 🧭 Final Week Outlook (H1) Early Week: Expect price to hover within pennant, testing upper and lower trendlines. Midweek: High chance of retest at 3389, providing short entry opportunity if sellers step in. End Week: If targets 3362 and 3340 are reached, pennant breakdown will be confirmed, aligning with higher timeframe bearish bias. Patience is key — only execute trade if confirmation appears at resistance. ✅ This plan now gives you a structured sell roadmap at 3389 with clear retracement and profit-taking stages at 3375, 3362, and 3340. It’s designed to keep you disciplined and systematic throughout the final week of August.