kjwlegend

Gold 0310 Analysis

Short
kjwlegend Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold was swing between 1660 - 1680 yesterday as I expected but didn't touch the previous high 1685.

As seen in the chart, it completed a-b-c-d-e and seems finish the correction wave B and I will be waiting for the impulsive C.

If the price doesn't break today, Gold will swing for one or two more days to make a double triangle.

For my trading plan, short only.

sell limit at 1670 (Super light slot )
sell limit at 1680 (normal slot)
sell stop 1657

NOTE: Follow with your own risk

SL 1687, TP 1635 ~ 1640
Trade active:
open sell at 1670 already.
Trade active:
I close partial of my position (20%) cuz 1650 is a quite strong support.
Trade closed: target reached:
all my position closed at 1445
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