GOLD Trades Idea for Thursday 06 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 06 June 2024
BUY LIMIT Order: $2337.98
Stop Loss: $2325.72
Take Profit 1: $2350.00
Take Profit 2: $2365.98
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 03 June 2024
We managed to hit take profit 1 but it ends at break even. Let's continue tomorrow!
Trade Review For 04 June 2024
We managed to reach take profit 1 as well, now this trade is running risk-free! Let's continue to hold!
Trade Review For 05 June 2024
Our first losing trade of the month. We almost hit our take profit 1... Let's try again tomorrow!
P&L for the month: +0R
03 June: +0.5R
04 June: +0.5R & running
05 June: -1R
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 06 June 2024
BUY LIMIT Order: $2337.98
Stop Loss: $2325.72
Take Profit 1: $2350.00
Take Profit 2: $2365.98
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 03 June 2024
We managed to hit take profit 1 but it ends at break even. Let's continue tomorrow!
Trade Review For 04 June 2024
We managed to reach take profit 1 as well, now this trade is running risk-free! Let's continue to hold!
Trade Review For 05 June 2024
Our first losing trade of the month. We almost hit our take profit 1... Let's try again tomorrow!
P&L for the month: +0R
03 June: +0.5R
04 June: +0.5R & running
05 June: -1R
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.