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Recap May 2024

 

Summary of May 2024 Signals:

  1. Signal #34: 1-May-24

    • Trigger: Buy breakout at 2328
    • Entry Level: 2281 - 2328
    • Outcome: Achieved a profit of approximately 250 pips with a single entry, without the need for a recovery mode. A buffer entry of 40 pips was added to prevent triggering a sell.
  2. Signal #35: 7-May-24

    • Trigger: Buy breakout at 2350
    • Entry Level: 2303 - 2350
    • Outcome: Achieved a profit of approximately 450 pips with a single entry, without the need for a recovery mode. A buffer entry of 40 pips was added to prevent triggering a sell.
  3. Signal #36: 13-May-24

    • Trigger: Buy breakout at 2364
    • Entry Level: 2332 - 2364
    • Outcome: Achieved a profit of approximately 660 pips with a single entry, without the need for a recovery mode. Total profit pips by holding this box is approx 850 pips or risk reward 1:3.
  4. Signal #37: 14-May-24

    • Trigger: Buy breakout at 2388
    • Entry Level: 2334 - 2384
    • Outcome: By the time this summary is published, we closed some positions with a profit of 550 pips at the 2445 level. Meanwhile, we still keep some positions since we've just seen gold reach its all-time high at the 2445 level and expect more surprises in the following days.
  5. Signal #38: 23-May-24

    • Trigger: Sell breakout at 2325
    • Entry Level: 2325 - 2383
    • Outcome: Achieved a profit of approximately 100 pips with a single entry, without the need for a recovery mode.
  6. Signal #39: 24-May-24

    • Trigger: Sell breakout at 2325
    • Entry Level: 2325 - 2363
    • Outcome: Initially had a floating profit of approximately 100 pips but then hit the stop-loss, entering recovery mode. The market moved against this reentry. At this point, it became clear that the market was being manipulated, and another approach would be necessary for future signals.

Throughout May, traders encountered profitable results, navigating market reversals. Gold reached its all-time high at the 2445 level, and there were more profitable trades following the market direction.

 


 

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