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: 2020/06/15
No plan, No trading
Entry reason:
Gold broke the ascending H1 trendline, it also formed a double-top pattern at 1743 on last Friday.
The bullish momentum is kindly over here so I would mainly go short direction in next week.
1721 is still the key point, once it's passed with a strong power, bearish would go lower around 1690 1670.
Key support level: 1720
Key resistence 1742
So here's my plan:
Short above 1730+ , SL 1745 TP 1690
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: 2020/06/15
No plan, No trading
Entry reason:
Gold broke the ascending H1 trendline, it also formed a double-top pattern at 1743 on last Friday.
The bullish momentum is kindly over here so I would mainly go short direction in next week.
1721 is still the key point, once it's passed with a strong power, bearish would go lower around 1690 1670.
Key support level: 1720
Key resistence 1742
So here's my plan:
Short above 1730+ , SL 1745 TP 1690
Note
The 1720 support is broken. I already close my 40% of short position at 1716, and will re-enter short again around 1724-1728
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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.