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Zuby - PK
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Monday Gold/Silver Scalping Plan | XAU/USD+XAG/USD 5M & 15M New York Session Entries, SL & TP Trade
Monday, August 24 — New York Session Scalping Plan
For Monday, I would not treat the levels as guaranteed entries. Gold finished Friday near a three-month high around $4,623.94, while silver closed around $69.62; both had strong weekly momentum. That means the New York session can offer excellent continuation trades, but also sharp profit-taking.
Also, Monday's U.S. calendar is relatively quiet, with the heavier U.S. data concentrated later in the week.
New York session timing
For Pakistan time, use your broker's server clock, but approximately:
NY pre-open: 5:00–6:30 PM PKTNew York cash/open volatility: around 6:30 PM PKTMain scalping window: 6:30–9:00 PM PKTLate NY: 9:00–10:30 PM PKT
Because broker/server times vary, confirm the exact NY open on your platform.
🟡 XAU/USD — New York 5M + 15M Plan
Key levels
Gold's move above its 200-day average near $4,513 remains an important bullish structural signal.
🟢 NY Setup #1 — Breakout Long
15M confirmation → 5M execution
Entry
Buy: 4,635–4,642
BUT only after:
15M candle closes above 4,632Price comes back to retest 4,632–4,6355M candle rejects the zone bullishlyEnter after the 5M confirmation candle closes
Stop-loss
4,614
Take profits
TP1: 4,655TP2: 4,680TP3: 4,700
Management
At TP1:
Close 30–40%
Move SL toward breakeven only after price has demonstrated continuation.
At TP2:
Close another 30–40%
Leave the remainder for $4,700.
❌ No trade
If gold simply spikes above $4,632 and immediately closes back below it, do not chase the breakout.
That's potentially a liquidity grab.
🟢 XAU/USD Setup #2 — NY Dip Buy
This is my preferred setup if the breakout doesn't happen immediately.
Entry zone
4,580–4,595
Wait for the price to reach this area.
Then switch to 5M.
Look for:
sweep low → bullish rejection → higher low → break of previous 5M high
Entry
4,588–4,595
Stop
4,568
TP1
4,615
TP2
4,632
TP3
4,655
This setup gives you a better location than buying an already extended move.
🔴 XAU/USD Setup #3 — NY Rejection Short
This is a confirmation short, not a blind resistance short.
Zone
4,632–4,655
Wait for:
resistance → rejection → lower high → 5M bearish break
Entry
4,620–4,628
Stop
4,650
TP1
4,605
TP2
4,582
TP3
4,550–4,530
The short becomes much stronger if the 15M chart closes beneath $4,582.
🔴 XAU/USD Setup #4 — 4,582 Breakdown
If the NY session produces a clean 15M close below 4,582, change your bias.
Don't short the first huge red candle.
Wait for:
4,582 breakdown → retest → bearish rejection
Entry
4,575–4,580
SL
4,600
TP1
4,550
TP2
4,530
TP3
4,509
⚪ XAG/USD — New York Scalping Plan
Silver is the higher-volatility instrument.
Friday's spot silver price reached roughly $69.62, and silver has been moving strongly alongside gold and dollar weakness.
Key XAG levels
🟢 XAG/USD Setup #1 — $70 Breakout
15M confirmation
Wait for a 15M close above $70.05.
Then wait for the 5M retest.
Entry
70.05–70.20
Stop
69.70
TP1
70.50
TP2
71.10
TP3
72.00
Important
Silver can move extremely quickly around $70.
If the 5M candle shoots from $69.90 to $70.60, do not chase it.
Wait for the retest.
🟢 XAG/USD Setup #2 — $69 Pullback
If silver breaks higher but then returns toward $68.90–$69.10:
Wait for a 5M bullish reversal.
Entry
69.00–69.15
SL
68.65
TP1
69.60
TP2
70.00
TP3
70.50
This is preferable to buying after an explosive candle.
🟢 XAG/USD Setup #3 — $68 Deep Pullback
If the market sells off during NY:
Entry zone
67.95–68.15
Wait for 5M bullish confirmation.
SL
67.60
TP1
68.50
TP2
69.00
TP3
70.00
🔴 XAG/USD Setup #4 — $70 Rejection Short
This is the main silver reversal setup.
Price reaches:
$70.00–70.20
Then:
5M rejection → lower high → bearish break
Entry
69.70–69.85
SL
70.30
TP1
69.30
TP2
68.95
TP3
68.00
Do not short merely because silver touches $70.
🔴 XAG/USD Setup #5 — $68 Breakdown
If 15M closes below $67.92–68.00, the bullish intraday structure is damaged.
Wait for the retest.
Entry
67.85–67.95
SL
68.30
TP1
67.50
TP2
66.85
TP3
66.30
🕯️ Your 15M → 5M Entry System
This is the most important part.
15-minute chart = direction
Use it to identify:
HH + HL = bullish
LH + LL = bearish
5-minute chart = entry
After the 15M establishes direction:
Level touched → liquidity sweep → 5M reversal → structure break → entry
Don't use the 5M chart to randomly predict the market.
📌 Example: Gold Long
Imagine NY opens and gold falls:
4,625 → 4,595 → 4,582
The 5M chart then creates:
lower low → rejection wick → bullish engulfing → higher low
Then price breaks the previous 5M high.
That is your trigger.
Entry: ~4,590
SL: 4,568
TP1: 4,615
TP2: 4,632
TP3: 4,655
That's considerably better than buying at 4,625 simply because the daily trend is bullish.
📌 Example: Silver Short
Silver reaches:
70.10
5M candle spikes to:
70.25
but closes around:
69.85
Next candle fails to recover 70.
Then the previous 5M low breaks.
That's your short confirmation.
Entry: ~69.75–69.85
SL: 70.30
TP1: 69.30
TP2: 68.95
TP3: 68.00
🧠 Monday NY Decision Tree
💰 Risk Management
For scalping, I would use:
0.25–0.5% account risk per trade
rather than risking 2–5% on each setup.
And importantly:
Maximum
2 losing trades → stop for the session.
Don't increase lot size after a loss.
Maximum trades
2–3 quality trades per instrument
is plenty.
You don't need to trade every movement.
🚨 Monday's Biggest Trap
Because gold and silver have just experienced a strong rally, FOMO is your biggest enemy.
Reuters reported gold gained more than 5% during the week and reached a three-month high, while silver also gained strongly.
So Monday can produce this:
Asian/London rally → NY liquidity grab → sharp retracement → continuation
or:
NY breakout → retest → massive continuation
Your job isn't to predict which one happens.
Your job is to wait until the chart tells you.
⭐ My Priority Setups
🥇 XAU/USD
1. Buy 4,632 breakout + retest
SL 4,614
TP1 4,655
TP2 4,680
TP3 4,700
🥈 XAU/USD
2. Buy 4,582–4,595 reversal
SL 4,568
TP1 4,615
TP2 4,632
TP3 4,655
🥇 XAG/USD
1. Buy $70.05 breakout + retest
SL $69.70
TP1 $70.50
TP2 $71.10
TP3 $72.00
🥈 XAG/USD
2. Buy $68–69 support reversal
SL $67.60–68.65, depending on entry
TP1 $69.30–69.60
TP2 $70.00
TP3 $70.50
Most important: if the 15M trend and 5M entry disagree, skip the trade.
These levels are a structured trading plan, not guaranteed signals; spreads, broker pricing and Monday's opening volatility can shift the exact fills.
Gold and silver are particularly sensitive to USD/yields and macro headlines, so check the live economic calendar immediately before NY trading.
$XAU $XAG
For Monday, I would not treat the levels as guaranteed entries. Gold finished Friday near a three-month high around $4,623.94, while silver closed around $69.62; both had strong weekly momentum. That means the New York session can offer excellent continuation trades, but also sharp profit-taking.
Also, Monday's U.S. calendar is relatively quiet, with the heavier U.S. data concentrated later in the week.
New York session timing
For Pakistan time, use your broker's server clock, but approximately:
NY pre-open: 5:00–6:30 PM PKTNew York cash/open volatility: around 6:30 PM PKTMain scalping window: 6:30–9:00 PM PKTLate NY: 9:00–10:30 PM PKT
Because broker/server times vary, confirm the exact NY open on your platform.
🟡 XAU/USD — New York 5M + 15M Plan
Key levels
Gold's move above its 200-day average near $4,513 remains an important bullish structural signal.
🟢 NY Setup #1 — Breakout Long
15M confirmation → 5M execution
Entry
Buy: 4,635–4,642
BUT only after:
15M candle closes above 4,632Price comes back to retest 4,632–4,6355M candle rejects the zone bullishlyEnter after the 5M confirmation candle closes
Stop-loss
4,614
Take profits
TP1: 4,655TP2: 4,680TP3: 4,700
Management
At TP1:
Close 30–40%
Move SL toward breakeven only after price has demonstrated continuation.
At TP2:
Close another 30–40%
Leave the remainder for $4,700.
❌ No trade
If gold simply spikes above $4,632 and immediately closes back below it, do not chase the breakout.
That's potentially a liquidity grab.
🟢 XAU/USD Setup #2 — NY Dip Buy
This is my preferred setup if the breakout doesn't happen immediately.
Entry zone
4,580–4,595
Wait for the price to reach this area.
Then switch to 5M.
Look for:
sweep low → bullish rejection → higher low → break of previous 5M high
Entry
4,588–4,595
Stop
4,568
TP1
4,615
TP2
4,632
TP3
4,655
This setup gives you a better location than buying an already extended move.
🔴 XAU/USD Setup #3 — NY Rejection Short
This is a confirmation short, not a blind resistance short.
Zone
4,632–4,655
Wait for:
resistance → rejection → lower high → 5M bearish break
Entry
4,620–4,628
Stop
4,650
TP1
4,605
TP2
4,582
TP3
4,550–4,530
The short becomes much stronger if the 15M chart closes beneath $4,582.
🔴 XAU/USD Setup #4 — 4,582 Breakdown
If the NY session produces a clean 15M close below 4,582, change your bias.
Don't short the first huge red candle.
Wait for:
4,582 breakdown → retest → bearish rejection
Entry
4,575–4,580
SL
4,600
TP1
4,550
TP2
4,530
TP3
4,509
⚪ XAG/USD — New York Scalping Plan
Silver is the higher-volatility instrument.
Friday's spot silver price reached roughly $69.62, and silver has been moving strongly alongside gold and dollar weakness.
Key XAG levels
🟢 XAG/USD Setup #1 — $70 Breakout
15M confirmation
Wait for a 15M close above $70.05.
Then wait for the 5M retest.
Entry
70.05–70.20
Stop
69.70
TP1
70.50
TP2
71.10
TP3
72.00
Important
Silver can move extremely quickly around $70.
If the 5M candle shoots from $69.90 to $70.60, do not chase it.
Wait for the retest.
🟢 XAG/USD Setup #2 — $69 Pullback
If silver breaks higher but then returns toward $68.90–$69.10:
Wait for a 5M bullish reversal.
Entry
69.00–69.15
SL
68.65
TP1
69.60
TP2
70.00
TP3
70.50
This is preferable to buying after an explosive candle.
🟢 XAG/USD Setup #3 — $68 Deep Pullback
If the market sells off during NY:
Entry zone
67.95–68.15
Wait for 5M bullish confirmation.
SL
67.60
TP1
68.50
TP2
69.00
TP3
70.00
🔴 XAG/USD Setup #4 — $70 Rejection Short
This is the main silver reversal setup.
Price reaches:
$70.00–70.20
Then:
5M rejection → lower high → bearish break
Entry
69.70–69.85
SL
70.30
TP1
69.30
TP2
68.95
TP3
68.00
Do not short merely because silver touches $70.
🔴 XAG/USD Setup #5 — $68 Breakdown
If 15M closes below $67.92–68.00, the bullish intraday structure is damaged.
Wait for the retest.
Entry
67.85–67.95
SL
68.30
TP1
67.50
TP2
66.85
TP3
66.30
🕯️ Your 15M → 5M Entry System
This is the most important part.
15-minute chart = direction
Use it to identify:
HH + HL = bullish
LH + LL = bearish
5-minute chart = entry
After the 15M establishes direction:
Level touched → liquidity sweep → 5M reversal → structure break → entry
Don't use the 5M chart to randomly predict the market.
📌 Example: Gold Long
Imagine NY opens and gold falls:
4,625 → 4,595 → 4,582
The 5M chart then creates:
lower low → rejection wick → bullish engulfing → higher low
Then price breaks the previous 5M high.
That is your trigger.
Entry: ~4,590
SL: 4,568
TP1: 4,615
TP2: 4,632
TP3: 4,655
That's considerably better than buying at 4,625 simply because the daily trend is bullish.
📌 Example: Silver Short
Silver reaches:
70.10
5M candle spikes to:
70.25
but closes around:
69.85
Next candle fails to recover 70.
Then the previous 5M low breaks.
That's your short confirmation.
Entry: ~69.75–69.85
SL: 70.30
TP1: 69.30
TP2: 68.95
TP3: 68.00
🧠 Monday NY Decision Tree
💰 Risk Management
For scalping, I would use:
0.25–0.5% account risk per trade
rather than risking 2–5% on each setup.
And importantly:
Maximum
2 losing trades → stop for the session.
Don't increase lot size after a loss.
Maximum trades
2–3 quality trades per instrument
is plenty.
You don't need to trade every movement.
🚨 Monday's Biggest Trap
Because gold and silver have just experienced a strong rally, FOMO is your biggest enemy.
Reuters reported gold gained more than 5% during the week and reached a three-month high, while silver also gained strongly.
So Monday can produce this:
Asian/London rally → NY liquidity grab → sharp retracement → continuation
or:
NY breakout → retest → massive continuation
Your job isn't to predict which one happens.
Your job is to wait until the chart tells you.
⭐ My Priority Setups
🥇 XAU/USD
1. Buy 4,632 breakout + retest
SL 4,614
TP1 4,655
TP2 4,680
TP3 4,700
🥈 XAU/USD
2. Buy 4,582–4,595 reversal
SL 4,568
TP1 4,615
TP2 4,632
TP3 4,655
🥇 XAG/USD
1. Buy $70.05 breakout + retest
SL $69.70
TP1 $70.50
TP2 $71.10
TP3 $72.00
🥈 XAG/USD
2. Buy $68–69 support reversal
SL $67.60–68.65, depending on entry
TP1 $69.30–69.60
TP2 $70.00
TP3 $70.50
Most important: if the 15M trend and 5M entry disagree, skip the trade.
These levels are a structured trading plan, not guaranteed signals; spreads, broker pricing and Monday's opening volatility can shift the exact fills.
Gold and silver are particularly sensitive to USD/yields and macro headlines, so check the live economic calendar immediately before NY trading.
$XAU $XAG
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