GOLD Trades Idea for Friday 17 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 17 May 2024

SELL LIMIT Order: $2387.39
Stop Loss: $2397.77
Take Profit 1: $2377.27
Take Profit 2: $2363.80

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 16 May 2023
We did not trigger our limit order. No trade for Thursday. Let's continue and try again tomorrow!

P&L for the month: +1.6R
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: -1R

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