GOLD Trades Idea for Tuesday 04 June 2024

4 jun

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 04 June 2024
BUY LIMIT Order: $2330.07
Stop Loss: $2314.55
Take Profit 1: $2325.34
Take Profit 2: $2365.64

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
Our trade got trigger in, let's hold the trade until either price reaches stop loss or take profit.

P&L for the month: 0R
03 June: Running

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