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: 2020/07/06
No plan, No trading
Entry reason:
Gold reached a key point again at 1774, which is again around the bullish trendline.
There will be 2 possible move for next week:
No.1
Slowly rise to 1780 on monday, and will accumulate its power and try to retest a new high (wave-5)
No.2
Gold moves horizontal or drop a little bit down to the TL, which indicates Gold completed wave 5 and start A-B-C correction. And 1778 is the right shoulder or B-wave.
A: 1788 - 1757
B: 1757 - 1780
C: ?
So here's my plan:
buy stop at 1781-1782, sl 1773, TP 1788 1810
Short at 1780 , SL 1785. TP-1750
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: 2020/07/06
No plan, No trading
Entry reason:
Gold reached a key point again at 1774, which is again around the bullish trendline.
There will be 2 possible move for next week:
No.1
Slowly rise to 1780 on monday, and will accumulate its power and try to retest a new high (wave-5)
No.2
Gold moves horizontal or drop a little bit down to the TL, which indicates Gold completed wave 5 and start A-B-C correction. And 1778 is the right shoulder or B-wave.
A: 1788 - 1757
B: 1757 - 1780
C: ?
So here's my plan:
buy stop at 1781-1782, sl 1773, TP 1788 1810
Short at 1780 , SL 1785. TP-1750
Note
Gold breaks the TL, I'm opening my short now. SL 1780
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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.