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: 2020/10/ 01
No plan, No trading
------------------
Entry reason:
I think Gold may just be ranging for a few days until Friday. There's not much news these days to bring violation to the market. Up and down might be the main tone at least till Wednesday.
Gold made a breakout to a lower low 1886 this morning, which breaks the previous support 1890. Now it start a rebounce to the current price 1906.
In my opinion, Gold may test the previous resistence 1910 - 1915 again and if rejected, it will confirm the downside trend. And the current rebounce may be the wave-b of the previous rise.
Another drop to lower low is expected as long as the gold not break to the upper side 1915.
So here's my plan:
Short from 1906 - 1915 , TP 1886, SL 1918
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: 2020/10/ 01
No plan, No trading
------------------
Entry reason:
I think Gold may just be ranging for a few days until Friday. There's not much news these days to bring violation to the market. Up and down might be the main tone at least till Wednesday.
Gold made a breakout to a lower low 1886 this morning, which breaks the previous support 1890. Now it start a rebounce to the current price 1906.
In my opinion, Gold may test the previous resistence 1910 - 1915 again and if rejected, it will confirm the downside trend. And the current rebounce may be the wave-b of the previous rise.
Another drop to lower low is expected as long as the gold not break to the upper side 1915.
So here's my plan:
Short from 1906 - 1915 , TP 1886, SL 1918
Trade active
short opened at 1907Trade closed: stop reached
stop reachedNote
I'm going to wait the next H2 candle stick turns into bearish and short again
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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.