instead of calling Gold analysis, I would use the term of trading plan or trading journal to record my trades.
So please note: This is a personal journal only, but NOT a trading suggestion. Please control your own risk if you want to follow, we may have different risk preference and position management strategy.
Date: 2020/09/25
No plan, No trading
------------------
Entry reason:
Gold start rebounce from 1849 to 1876 and now drops to 1855 at the current price. A $26 rebounce seems quite weak for a $100 drop. There's possibility that A-B-C wave to complete the full rebounce, and now we are in the wave b of the correction.
The current key resistence will be 1876, 1883, 1895, 1915
The key support is: 1849.
So here's my plan:
Buy from 1849 - 1855, TP 1876, 1880. SL , 1847
Sell from 1885
So please note: This is a personal journal only, but NOT a trading suggestion. Please control your own risk if you want to follow, we may have different risk preference and position management strategy.
Date: 2020/09/25
No plan, No trading
------------------
Entry reason:
Gold start rebounce from 1849 to 1876 and now drops to 1855 at the current price. A $26 rebounce seems quite weak for a $100 drop. There's possibility that A-B-C wave to complete the full rebounce, and now we are in the wave b of the correction.
The current key resistence will be 1876, 1883, 1895, 1915
The key support is: 1849.
So here's my plan:
Buy from 1849 - 1855, TP 1876, 1880. SL , 1847
Sell from 1885
Trade active
Long opened at 1855Note
in profit now. still holdTrade closed: target reached
1st target reach at 1876
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.