GOLD Trades Idea for Friday 07 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 07 June 2024
BUY LIMIT Order: $2363.09
Stop Loss: $2353.25
Take Profit 1: $2372.68
Take Profit 2: $2385.43

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 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 04 June 2024
We managed to reach both take profit! I hope we can continue to find good trade again this month!

P&L for the month: +0.6R
03 June: +0.5R
04 June: +1.6R
05 June: -1R

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