GOLD Trades Idea for Tuesday 19 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) Ideas For 19 June 2024
BUY LIMIT Order: $2316.78
Stop Loss: $2306.40
Take Profit 1: $2326.91
Take Profit 2: $2340.38

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
Our trade managed to hit take profit 1! I shifted stop loss to break even. This trade is risk-free now!

Trade Review For 18 June 2024
Unfortunately, our trade ended in a loss before the price went back up to our take profit levels! Let's try again tomorrow!

P&L for the month: -1.4R
03 June: +0.5R
04 June: +1.6R
05 June: -1R
07 June: -1R
14 June: -1R
17 June: +0.5R, running
18 June: -1R

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