CFDs on Gold (US$ / OZ)Updated Gold 0313 Analysis
Gold was mad yesterday and I did lost my mind that completely don't know how to trade. It costs $3000 to learn a lesson.
And now I could calm down again and sit for an analysis.
NO PLAN, NO TRADING.
Gold completes another 5-wave and now in the correction of ABC which is made of a small 5-wave too.
a few key price here.
1610 - 1620 the resistence area
1580 - 1593. The rectangle areal
1566, the support line of right shoulders.
1550, the bottom.
my trading plan:
Long:
when price break 1593. TP , the resistence area.
when price drops into the support area.
Short:
when price break 1578, TP, 1566
when price hit 1610 - 1620, TP, still uncertain.
----------------------------------------------------
Note: please follow with your own risk.
wechat: 56349014
And now I could calm down again and sit for an analysis.
NO PLAN, NO TRADING.
Gold completes another 5-wave and now in the correction of ABC which is made of a small 5-wave too.
a few key price here.
1610 - 1620 the resistence area
1580 - 1593. The rectangle areal
1566, the support line of right shoulders.
1550, the bottom.
my trading plan:
Long:
when price break 1593. TP , the resistence area.
when price drops into the support area.
Short:
when price break 1578, TP, 1566
when price hit 1610 - 1620, TP, still uncertain.
----------------------------------------------------
Note: please follow with your own risk.
wechat: 56349014
Trade active
Open buy at 1595Note
add buy at 1589. SL at 1586Note
update SL to 1584Note
add buy at 1586Trade closed manually
My buy reaches stop. Open short as planned at 1578. also closed at 1566 as planed.
Trade closed: target reached
short at 1578 , target reached . 1667Trade active
Buy opens at 1667 , SL 1660Trade closed: stop reached
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