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