GOLD Trades Idea for Wednesday 15 May 2024

DISCLAIMER
This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose.

Gold/USD (XAUUSD) Ideas For 15 May 2024

BUY LIMIT Order: $2344.37
Stop Loss: $2334.64
Take Profit 1: $2353.85
Take Profit 2: $2366.45

Risk per trade: 0.5%.
MT4/5 trade expiration: Today

100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out.

Reason
The first-hour candlestick closes above 21 EMA, hence our bias is to BUY. We will place 1x BUY LIMIT orders at 38.20%, both stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%

Trade Review For 14 May 2024
We managed to trigger our limit order during high-impact market data. Let's hold until either take profit 1 or stop loss.

P&L for the month: +2.6R
01 May: +0.5R
02 May: +0.5R
03 May: +0.5R
06 May: +1.6R
09 May: +0.5R
13 May: -1R
14 May: Pending

The year 2024 Trade Results
January: +2.6R
February: +3.35R
March: -2.90R
April: -7.75R