GOLD Trades Idea for Wednesday 29 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 29 May 2024
BUY LIMIT Order: $2349.43
Stop Loss: $2340.06
Take Profit 1: $2358.54
Take Profit 2: $2370.67
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 28 May 2024
We managed to hit take profit 1! Shifted stop loss to break even and hope to reach final take profit 2!
P&L for the month: +1.7R
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: -1R
17 May: -1R
21 May: -1R
22 May: +1.6R
28 May: +0.5R & Running
The year 2024 Trade Results
January: +2.6R
February: -1.3R
March: +0.7R
April: +4.10R
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 29 May 2024
BUY LIMIT Order: $2349.43
Stop Loss: $2340.06
Take Profit 1: $2358.54
Take Profit 2: $2370.67
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 28 May 2024
We managed to hit take profit 1! Shifted stop loss to break even and hope to reach final take profit 2!
P&L for the month: +1.7R
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: -1R
17 May: -1R
21 May: -1R
22 May: +1.6R
28 May: +0.5R & Running
The year 2024 Trade Results
January: +2.6R
February: -1.3R
March: +0.7R
April: +4.10R
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.