Instead of calling Gold analysis, I would use the term of trading plan or trading journal to plan and record my trades.
So please note: This is not a trading suggestion and if you want to follow please control your own risk.
date: 2020/04/27
Entry reason: Gold has confirmed a double top and reverse at 1734. A quick dump on last Friday to 1710 confirmed a downtrend at least in a short term, even it bounce back to 1728 in the same day, but the downtrend channel is formed.
I would go short only in the next 2-3 days until the decending channel break.
SL: 1740
TP: 1710, 1705, 1680, 1637
Confidence level: At price 1720, my confidence level is around 55%.
below 1715, 75%.
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Emotion level:
Result:
So please note: This is not a trading suggestion and if you want to follow please control your own risk.
date: 2020/04/27
Entry reason: Gold has confirmed a double top and reverse at 1734. A quick dump on last Friday to 1710 confirmed a downtrend at least in a short term, even it bounce back to 1728 in the same day, but the downtrend channel is formed.
I would go short only in the next 2-3 days until the decending channel break.
SL: 1740
TP: 1710, 1705, 1680, 1637
Confidence level: At price 1720, my confidence level is around 55%.
below 1715, 75%.
----------------
Emotion level:
Result:
Trade closed: target reached:
Emotion level: Calm.
Result: $4k in profit. 4000 pips
I would go short again after price re-bounce. Current support level: 1693
Result: $4k in profit. 4000 pips
I would go short again after price re-bounce. Current support level: 1693
