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GOLD (XAUUSD) - Scalping/Intraday

GOLD (XAUUSD) - Scalping/Intraday

Apr 29, 2024

SELL LIMIT:

R1 - 2353.632

BUY LIMIT:

S1 - 2323.364

Trading Guidelines (GOLD):

Risk Management: Risk no more than 1% of your capital per trade.

Maximum Trades: Limit yourself to a maximum of 2 trades per day.

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

Discipline: Execute the order at the identified level.

Stop Loss and Target: Set stop loss at 500 points and targets at 1000-1500 points.

Evaluation: If a loss is incurred, wait for the next day and try again.

Simplicity: Keep the trading routine simple and straightforward.

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