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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.