Technical analysis by Barry_Games_Trading about Symbol PAXG: Sell recommendation (6/5/2024)

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 05 June 2024 SELL LIMIT Order: $2338.67 Stop Loss: $2353.14 Take Profit 1: $2324.46 Take Profit 2: $2305.55 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 03 June 2024 We managed to hit take profit 1! Now this trade is running risk-free. Continue to hold until either it reaches take profit 2 or stop loss at break even. Trade Review For 04 June 2024 We manage to trigger this trade, let's continue to hold until either it reaches take profit or stop loss. P&L for the month: +0.5R 03 June: +0.5R 04 June: Running The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R