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: 2020/09/18
No plan, No trading
------------------
Entry reason:
Gold is in the end of correction wave B (as a form of consolidation wave a-b-c-d-e ). It re-test the upper trendline again. The circled area will be the best entry to short again with small SL.
If you read my analysis, you know I have been talking about short since last week. Now the gold finnaly breaks the bottom trendline and confirm a weaknees of bullish.
A rebounce to retest 1927 will be another chance to short again.
Gold drops below 1905-1910 will confirm the start of big wave C. A big drop around 1865 will be my first target if gold drops below the support area.
So here's my plan:
Sell from 1925-1930 , TP 1910
sell stop 1905, TP 1865
No buy at this moment, if gold price has rebounce signal at 1910, I may enter long again.
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: 2020/09/18
No plan, No trading
------------------
Entry reason:
Gold is in the end of correction wave B (as a form of consolidation wave a-b-c-d-e ). It re-test the upper trendline again. The circled area will be the best entry to short again with small SL.
If you read my analysis, you know I have been talking about short since last week. Now the gold finnaly breaks the bottom trendline and confirm a weaknees of bullish.
A rebounce to retest 1927 will be another chance to short again.
Gold drops below 1905-1910 will confirm the start of big wave C. A big drop around 1865 will be my first target if gold drops below the support area.
So here's my plan:
Sell from 1925-1930 , TP 1910
sell stop 1905, TP 1865
No buy at this moment, if gold price has rebounce signal at 1910, I may enter long again.
Trade closed: target reached:
close sell stop now.
I will re-enter at 1905
I will re-enter at 1905
Trade active:
short again at 1905 now
Trade active:
short added at 1908 now
Trade active:
1 more short at 1910
