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 Mar 2024 Trade Idea 1 BUY LIMIT Order: $2173.91 Stop Loss: $2158.67 Take Profit 1: $2188.91 Take Profit 2: $2199.58
Trade Idea 2 BUY LIMIT Order: $2164.65 Stop Loss: $2149.41 Take Profit 1: $2179.64 Take Profit 2: $2199.58
Risk per trade: 0.5%.
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 a BUY limit order at 38.20%, stop loss at 23.60% and take profit at 127.20% for trade no.1 and a BU limit order at 61.80%, stop loss at 100% and take profit at 127.20% for trade no.2.
March Trade Results
P&L for the month: -0.15R 01 Mar: +1.35R 06 Mar: +1.35R 08 Mar: +1.35R 11 Mar: -1R 12 Mar no.1: -1R 12 Mar no.2: -1R 13 Mar no.1: -1R 13 Mar no.2: +0.5R 14 Mar no.1: -1R 14 Mar no.2: -1R 15 Mar no.1: -1R 15 Mar no.2: +1.65R 18 Mar no.1: +0.5 19 Mar no.1: -1R 19 Mar no.2: +0.5R 20 Mar no.1: -1R 20 Mar no.2: +1.65R
The year 2024 Trade Results January: +2.6R February: +3.35R