GOLD Trades Idea for Friday 03 June 2024

DISCLAIMER
This 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 03 June 2024
SELL LIMIT Order: $2344.78
Stop Loss: $2359.98
Take Profit 1: $2329.83
Take Profit 2: $2309.95

Risk per trade: 0.5%.
MT4/5 trade expiration: Today

100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out.

Reason
The first-hour candlestick closes below 21 EMA, hence our bias is to SELL. We will place 1x SELL 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 31 May 2024
Unfortunately, our Friday trade resulted in a loss, ending the month with a small profit. I will take it as a break even. Let's try again tomorrow!

P&L for the month: +0.2R
01 May: +0.5R
02 May: +0.5R
03 May: +0.5R
06 May: +1.6R
09 May: +0.5R
13 May: -1R
14 May: -1R
17 May: -1R
21 May: -1R
22 May: +1.6R
28 May: +0.5R
29 May: -1R
30 May: +0.5R
31 May: -1R

The year 2024 Trade Results
January: +2.6R
February: -1.3R
March: +0.7R
April: +4.10R
May: +0.2R