GOLD Trades Idea for Wednesday 15 July 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) Signal For 15 July 2024
SELL LIMIT Order: $2408.08
Stop Loss: $2418.56
Take Profit 1: $2397.84
Take Profit 2: $2384.23

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%, stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%.

Trade Review For 12 July 2024
Manage to reach take profit 1! Shifted stop loss to breakeven to reduce risk. Let's continue to trade!

P&L for the month: +6.3R
01 July: +0.5R
02 July: +0.5R
05 July: +1.6R
08 July: +1.6R
11 July: +1.6R
12 July: +0.5R & Running

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