GOLD Trades Idea for Friday 03 May 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 03 May 2024
SELL LIMIT Order: $2310.86
Stop Loss: $2326.77
Take Profit 1: $2295.21
Take Profit 2: $2274.40
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 01 May 2024
Our 01 May trade managed to hit take profit 1! I shifted stop loss to break even and I'm running risk-free trade!
Trade Review For 02 May 2024
We trigger our second trade while taking profit for the previous trade but it has yet to hit either take profit 1 or stop loss. Let's continue to hold!
May 2024 Trade Results
P&L for the month: +0.5R
01 May: +0.5R
02 May: Running
The year 2024 Trade Results
January: +2.6R
February: +3.35R
March: -2.90R
April: -7.75R
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 03 May 2024
SELL LIMIT Order: $2310.86
Stop Loss: $2326.77
Take Profit 1: $2295.21
Take Profit 2: $2274.40
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 01 May 2024
Our 01 May trade managed to hit take profit 1! I shifted stop loss to break even and I'm running risk-free trade!
Trade Review For 02 May 2024
We trigger our second trade while taking profit for the previous trade but it has yet to hit either take profit 1 or stop loss. Let's continue to hold!
May 2024 Trade Results
P&L for the month: +0.5R
01 May: +0.5R
02 May: Running
The year 2024 Trade Results
January: +2.6R
February: +3.35R
March: -2.90R
April: -7.75R
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.