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: 2020/11/17
No plan, No trading
Intra-day trend: Nutral
------------------
Entry reason:
After the insane $110 drop, Gold was unsure about its next direction now. Yesterday, it had a quick fall due to vaccine news again but later rebounce straight up with strong buying power.
I believe ranging will still continue in the range 1883 -- 1898 or 1907. Any break out of these range will confirm the direction for the next movement.
So here's my plan:
key resistence: 1898 1907
Key support: 1883-1885
Short:
Sell from 1898 - 1907 , , TP 1885 area , SL 1910
Long:
buy from 1883-1886, TP 1898 area, sl 1880
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: 2020/11/17
No plan, No trading
Intra-day trend: Nutral
------------------
Entry reason:
After the insane $110 drop, Gold was unsure about its next direction now. Yesterday, it had a quick fall due to vaccine news again but later rebounce straight up with strong buying power.
I believe ranging will still continue in the range 1883 -- 1898 or 1907. Any break out of these range will confirm the direction for the next movement.
So here's my plan:
key resistence: 1898 1907
Key support: 1883-1885
Short:
Sell from 1898 - 1907 , , TP 1885 area , SL 1910
Long:
buy from 1883-1886, TP 1898 area, sl 1880
Trade active
I actually already in at 1888 long. because my account size allow me to have bigger SL range.Note
long added at 1886Trade closed: stop reached
I hit my SL.
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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.