GOLD Trades Idea for Friday 21 June 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 21 June 2024
BUY LIMIT Order: $2342.21
Stop Loss: $2327.52
Take Profit 1: $2356.66
Take Profit 2: $2375.88

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

Trade Review For 17 June 2024
This trade managed to reach the final take profit!

Trade Review For 20 June 2024
Finally! This trade reaches both take profit levels within short few hours! To be honest, I was lucky that I managed to get into this trade before the pump.

P&L for the month: +1.3R
03 June: +0.5R
04 June: +1.6R
05 June: -1R
07 June: -1R
14 June: -1R
17 June: +1.6R
18 June: -1R
20 June: +1.6R

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