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: 2020/11/13
No plan, No trading
Intra-day trend: Bullish
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Entry reason:
In my previous analysis, I was always waiting for the real correction leg up to 1895 and here it comes.
The $110 insane drop is not the end of the bearish market but more like a start. Gold has now completed the right rebounce from 1850 area to 1895 area now. There might be some more potential up to 1905 area but in later stage, I'm still expecting a drop to follow previous trend.
This assumption could be invalid unless Gold make another crazy jump up to 1910 again.
So here's my plan:
key resistence: 1893, 1907
Short:
Sell from 1895 - 1907. TP 1850 . SL 1868
Long:
for intra-day trading, the gold still needs time to rest before make a drop. So another bounce up may still happen
buy around 1885 , TP 1895 again. SL 1880 (only valid when the first time)
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: 2020/11/13
No plan, No trading
Intra-day trend: Bullish
------------------
Entry reason:
In my previous analysis, I was always waiting for the real correction leg up to 1895 and here it comes.
The $110 insane drop is not the end of the bearish market but more like a start. Gold has now completed the right rebounce from 1850 area to 1895 area now. There might be some more potential up to 1905 area but in later stage, I'm still expecting a drop to follow previous trend.
This assumption could be invalid unless Gold make another crazy jump up to 1910 again.
So here's my plan:
key resistence: 1893, 1907
Short:
Sell from 1895 - 1907. TP 1850 . SL 1868
Long:
for intra-day trading, the gold still needs time to rest before make a drop. So another bounce up may still happen
buy around 1885 , TP 1895 again. SL 1880 (only valid when the first time)
Trade active:
i'm in long now at 1888, TP 1895 OR 1896
Trade closed: target reached:
I'm out at 1895 now. quick long closed
Trade active:
another long in at 1885 now
