GOLD Trades Idea for Thursday 23 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 23 May 2024

SELL LIMIT Order: $2406.90
Stop Loss: $2426.86
Take Profit 1: $2387.18
Take Profit 2: $2360.95

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 below 21 EMA, hence our bias is to SELL. We will place 1x SELL 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 22 May 2023
We captured a full win today! Our limit order was triggered, and the price quickly reached our first take profit target early in the day. The price continues to push downward to our final take profit!

P&L for the month: +1.2R
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

The year 2024 Trade Results
January: +2.6R
February: -1.3R
March: +0.7R
April: +4.10R