GOLD Trades Idea for Monday 13 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 13 May 2024

BUY LIMIT Order: $2358.02
Stop Loss: $2345.07
Take Profit 1: $2370.72
Take Profit 2: $2387.60

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 10 May 2024
Gold continued to push higher and did not trigger our limit order. Let's try again tomorrow!

May 2024 Trade Results

P&L for the month: +3.6R
01 May: +0.5R
02 May: +0.5R
03 May: +0.5R
06 May: +1.6R
09 May: +0.5R

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