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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!
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