GOLD Trades Idea for Thursday 30 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 30 May 2024
SELL LIMIT Order: $2351.27
Stop Loss: $2361.86
Take Profit 1: $2340.93
Take Profit 2: $2327.18

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 28 May 2024
We didn't hit full take profit and got stopped at break even. Let's try again!

Trade Review For 29 May 2023
Unfortunately, this trade heads straight to loss almost immediately, let's try again tomorrow!

P&L for the month: +0.7R
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
29 May: -1R

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