Trading Gold on the 5-Minute Chart with the 21, 50, and 150 EMAs

I’m new to trading XAUUSD, so I want to start with simple, clear rules on the 5-minute chart.

I will pause trading during major economic news releases and wait for the market to settle down.

I will only look for buying opportunities when the price is above all three EMAs on the 5-minute chart, with the 21 EMA above the 50 EMA and the 50 EMA above the 150 EMA. If these conditions aren’t met, I will stay out and wait.

I’d appreciate any feedback from experienced gold traders on this approach!