Technical analysis by Barry_Games_Trading about Symbol PAXG: Buy recommendation (6/19/2024)

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