CFDs on Gold (US$ / OZ)Updated Gold 0623 Trading Plan
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: 2020/06/23
No plan, No trading
Entry reason:
Gold find its key resistence at 1762 - 1765 area and need a strong momentum to break it. Until it happens, I think the gold will test the key support area which is still 1742-1745 area as well as that purple trendline.
There will not be big rise in a short time but just ranging in this range to gain more momenutum.
So here's my plan:
Short 1757-1762, TP 1742
buy at 1742. SL 1740, TP 1763
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: 2020/06/23
No plan, No trading
Entry reason:
Gold find its key resistence at 1762 - 1765 area and need a strong momentum to break it. Until it happens, I think the gold will test the key support area which is still 1742-1745 area as well as that purple trendline.
There will not be big rise in a short time but just ranging in this range to gain more momenutum.
So here's my plan:
Short 1757-1762, TP 1742
buy at 1742. SL 1740, TP 1763
Trade active
short opened at 1756 now. SL 1759Trade active
my previous short hit SL. but I'm shorting at 1765 again cuz this is the key resistence.
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.