Gold 1104 Trading PlanInstead 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: 2020/11/04
No plan, No trading
REMINDER: The marker is gonna be super violate today and tomorrow. I don't recommend all of you to trade at these days.
I am still doing analysis as usual but it's not a trading suggestion.
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Entry reason:
Gold was reaching 1915 this morning and kinda of ranging between 1882 and 1915.
It's super violate today and provide nice opportunity for scalpping.
Right now gold was trying to test the resistence (red line) and if rejected, another drop would come soon.
The election results seems not coming up so quickly so that the violation might continue until the final result appears.
So here's my plan:
Short:
Add sell when a M15 reversal appears at price 1909-1915. TP 1890 1880
Long:
Buy around 1882, TP 1910
