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GOLD (XAUUSD) - Intraday

GOLD (XAUUSD) - Intraday

May 09, 2024

Set the Sell Pending Orders at:

R1: 2329.847 (SL: 2334.847 | TP: 2319.847 )

R2: 2352.639 (SL: 2357.639 | TP: 2332.639 )

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Set the Buy Pending Orders at:

S1: 2305.000 (SL: 2300.000 | TP: 2315.000 )

S2: 2281.517 (SL: 2276.517 | TP: 2301.517)

Trading Guidelines:

Read about Risk Management: https://buymeacoffee.com/tradingdame/gold-risk-management

Maximum Trades: Restrict trading activities to no more than 2 trades daily per asset.

Stop Loss and Target: Set stop loss at 500 points and targets at 1000-2000 points.

Trading Sessions: Focus on trading between the London and NY sessions.

Validity: Setup valid until the close of the London session.

Discipline: Execute the order at the identified level.

Evaluation: If stopped out, wait for a new trading setup.

Simplicity: Keep the trading routine simple and straightforward.

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