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: 2020/06/23
No plan, No trading
Entry reason:
Gold find its key resistence at 1762 - 1765 area and need a strong momentum to break it. Until it happens, I think the gold will test the key support area which is still 1742-1745 area as well as that purple trendline.
There will not be big rise in a short time but just ranging in this range to gain more momenutum.
So here's my plan:
Short 1757-1762, TP 1742
buy at 1742. SL 1740, TP 1763
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: 2020/06/23
No plan, No trading
Entry reason:
Gold find its key resistence at 1762 - 1765 area and need a strong momentum to break it. Until it happens, I think the gold will test the key support area which is still 1742-1745 area as well as that purple trendline.
There will not be big rise in a short time but just ranging in this range to gain more momenutum.
So here's my plan:
Short 1757-1762, TP 1742
buy at 1742. SL 1740, TP 1763
Trade active:
short opened at 1756 now. SL 1759
Trade active:
my previous short hit SL. but I'm shorting at 1765 again cuz this is the key resistence.
