From TradingView · · 1m
Gold Weekly CLS Range Model 1 Setup
David Perk's Gold Weekly CLS Range Model 1 trade setup for FX:XAUUSD.
In brief
David Perk's Gold Weekly CLS Range Model 1 trade setup for FX:XAUUSD. David Perk suggests a long trade on gold after key level manipulation with target at 50% of CLS range. Originally reported by TradingView.
New CLS Range Model 1 Created
David Perk created a new CLS Range Model 1 for gold spot in US dollars on September 16.
Key Level Manipulation Phase
After manipulation below the CLS range, look for a confirmation switch from the manipulation phase - CIOD in the expansion.
Trade Entry Conditions
Enter only after candle close to avoid false signals and ensure proper risk management.
Target and Risk Management
Target is 50% of the CLS range with strict stop loss and risk control for long term success.
Trade Execution Steps
Place stop loss, manage risk per trade, stay disciplined, and avoid emotional trading for capital protection.
What Happens Next
David Perk's model requires patience and confirmation of CIOD before entering a long trade on gold.
The big picture
David Perk suggests a long trade on gold after key level manipulation with target at 50% of CLS range.
