GOLD Trades Idea for Wednesday 05 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 05 June 2024
SELL LIMIT Order: $2338.67
Stop Loss: $2353.14
Take Profit 1: $2324.46
Take Profit 2: $2305.55
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 03 June 2024
We managed to hit take profit 1! Now this trade is running risk-free. Continue to hold until either it reaches take profit 2 or stop loss at break even.
Trade Review For 04 June 2024
We manage to trigger this trade, let's continue to hold until either it reaches take profit or stop loss.
P&L for the month: +0.5R
03 June: +0.5R
04 June: Running
The year 2024 Trade Results
January: +2.6R
February: -1.3R
March: +0.7R
April: +4.10R
May: +0.2R
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 05 June 2024
SELL LIMIT Order: $2338.67
Stop Loss: $2353.14
Take Profit 1: $2324.46
Take Profit 2: $2305.55
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 03 June 2024
We managed to hit take profit 1! Now this trade is running risk-free. Continue to hold until either it reaches take profit 2 or stop loss at break even.
Trade Review For 04 June 2024
We manage to trigger this trade, let's continue to hold until either it reaches take profit or stop loss.
P&L for the month: +0.5R
03 June: +0.5R
04 June: Running
The year 2024 Trade Results
January: +2.6R
February: -1.3R
March: +0.7R
April: +4.10R
May: +0.2R
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