Technical analysis by Barry_Games_Trading about Symbol PAXG: Buy recommendation (5/16/2024)

DISCLAIMERThis 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 16 May 2024BUY LIMIT Order: $2366.58Stop Loss: $2351.67Take Profit 1: $2381.25Take Profit 2: $2400.76Risk per trade: 0.5%.MT4/5 trade expiration: Today100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out.ReasonThe 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 14 May 2024This trade resulted in a loss, we did get some initial reaction around our entry but the price failed to continue the downtrend. Let's try again tomorrow! Trade Review For 15 May 2023We did not trigger our limit order. No trade for Wednesday. Let's continue and try again tomorrow!P&L for the month: +1.6R01 May: +0.5R02 May: +0.5R03 May: +0.5R06 May: +1.6R09 May: +0.5R13 May: -1R14 May: -1RThe year 2024 Trade ResultsJanuary: +2.6RFebruary: +3.35RMarch: -2.90RApril: -7.75R