GOLD Trades Idea for Monday 10 June 2024

6월 9일DISCLAIMER
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 10 June 2024
SELL LIMIT Order: $2349.22
Stop Loss: $2388.04
Take Profit 1: $2310.66
Take Profit 2: $2259.37

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 07 June 2024
The US market data causes our gold to crash all the way, one of the largest movements from the start of the year. Resulted in a loss. Let's try again tomorrow!

P&L for the month: +0.1R
03 June: +0.5R
04 June: +1.6R
05 June: -1R
07 June: -1R

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