Gold (XAU/USD) Sell stop
Gold (XAU/USD) chart
Levels
- Entry
- 4,060.47 zone 4,058.58 to 4,062.36
- Stop loss
- 4,075.08 14.6 dollars from entry; moved to 4,060.47
- Target 1
- 4,045.86 hit 6 Nov, 13:30 UTC
- Target 2
- 4,031.24 hit 6 Nov, 13:30 UTC
- Target 3
- 4,016.63 not reached
- Filled
- 4,060.09 6 Nov, 12:01 UTC
- Closed
- 4,049.03 6 Nov, 15:00 UTC
One third of the trade closes at each target, and the stop moves to the entry after target 1.
Breakout bracket
Breakout bracket: buy above 4,075.08 or sell below 4,060.47. Both orders were published together and the first one to fill cancels the other.
The other side is Buy stop #47 (cancelled).
Why this trade
This is a mechanical sell signal on Gold, placing a stop order at 4060.47. It follows an hourly breakout rule during the London-New York overlap, triggering when volatility is elevated (currently 1.29 times average). The strategy places orders just outside the previous hour's extremes. Historically, this specific rule has a slightly negative tested record. The trade aligns with the daily downtrend but must break immediate support at the previous day's low (4057.74) and S1 (4048.77) to reach its first target. A reversal above the 4075.08 stop, which sits just above the previous candle's high, makes the setup wrong.
ChartPrice structure on the chart: trend, levels, volatility.
About the strategy: Gold hourly breakout
The best of the rules from our October gold scalping study. At the close of each London-hours candle (02:00 to 08:00 New York), when hourly volatility is at or above its 20-day average, a buy stop waits just above the candle's high and a sell stop just below its low for one hour; the first to trigger cancels the other, and each one's stop is the other's entry. Targets 1R, 2R and 3R; trades close after two hours at most.
Caveat: Gold only. -0.07R per trade over 165 trades in the last year. The 2023-2026 study on 5-minute gold found this structure close to break-even before costs and slightly negative after them; no hour of the day was reliably positive.
The idea, explained: Gold scalping
Timeline
- Entry filled 4,060.09
- Signal published 4,060.13
- Reason added
- Confidence scored Score 42
- TP1 hit 4,045.86
- TP2 hit 4,031.24
- Stop moved to entry 4,060.47
- Trade closed 4,049.03 Time limit reached, +1.24R
Proof it was not edited
When this signal was published, its fixed fields were written to a record and fingerprinted with SHA-256. The fingerprint also contains the one before it, so a change anywhere breaks the chain. You can check it in your browser.
- Hash
- 55860416a1d0cb4f09b0f5e857435d9dbd4c15bfef2e026a1288ce608c3633c6
- Previous hash
- 303e4cb024c50db1e3a18eb62e67d3fd4b3f17aa1dafcce5c16e22a4eff434b7
Show the signed record
{"v":2,"symbol":"XAUUSD","side":"sell","order_type":"stop","timeframe":"1h","strategy":"scalp_gold_hour_bo","source":"data","oco_group":"scalp_gold_hour_bo:XAUUSD:1793966400","entry":"4060.47","zone_lo":"4058.58","zone_hi":"4062.36","sl":"4075.08","tp1":"4045.86","tp2":"4031.24","tp3":"4016.63","created_at":"2026-11-06T12:01:02Z","expires_at":"2026-11-06T13:00:00Z","max_close_at":"2026-11-06T15:00:00Z","risk":"high","prev_hash":"303e4cb024c50db1e3a18eb62e67d3fd4b3f17aa1dafcce5c16e22a4eff434b7"}
Risk High Risk
- Track record: flagged
Its rule was not profitable after costs in every period we tested.
- Type of trading: flagged
Scalping trade: moves are quick, and the spread takes a bigger share of a small stop.
- News: flagged
A high-impact release is due while the order waits or early in the trade: Nonfarm Payrolls, Average Hourly Earnings (MoM), Average Hourly Earnings (YoY) on 6 Nov at 13:30 UTC.
- Costs: passed
The spread is a small share of the stop distance (under 10%).
High Risk means at least one check flagged this trade. Size it smaller, or skip it if you only follow Cautious signals. The tag was set when the signal was published and is part of its signed record.
Confidence
The strategy has a historically negative tested record, and the trade faces immediate support at the previous day's low before reaching the first target.
Signals scored 40-49 have won 49% of 47 closed.
Confidence is a score from 0 to 100 given by an AI model. It is checked against how signals in the same band really ended, so treat the measured rate as the evidence, not the score. Reading a track record