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: 2020/11/11
No plan, No trading
Gold is still accumulating power for the next drop.
Intra-day trend: Netural
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Entry reason:
Gold is ranging within price 1871 and 1884 today. From the previous rebounce, I can see gold make a quick wave-a or (1) for the correction wave.
Today it seems just doing a-b-c-d-e consolidation wave and if my assumption were correct, the next leg will be the wave-c or (3) UP till 1893 area.
So here's my plan:
Key support : 1868
key resistence: 1893, 1907
Short:
Sell from 1895 - 1907. TP 1850 . SL 1868
Sell stop , 1867, TP 1850
Long:
buy from 1870 - 1875. SL 1867, TP 1884, 1894.
buy stop 1885 , tp 1895
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: 2020/11/11
No plan, No trading
Gold is still accumulating power for the next drop.
Intra-day trend: Netural
------------------
Entry reason:
Gold is ranging within price 1871 and 1884 today. From the previous rebounce, I can see gold make a quick wave-a or (1) for the correction wave.
Today it seems just doing a-b-c-d-e consolidation wave and if my assumption were correct, the next leg will be the wave-c or (3) UP till 1893 area.
So here's my plan:
Key support : 1868
key resistence: 1893, 1907
Short:
Sell from 1895 - 1907. TP 1850 . SL 1868
Sell stop , 1867, TP 1850
Long:
buy from 1870 - 1875. SL 1867, TP 1884, 1894.
buy stop 1885 , tp 1895
Trade active:
long in at 1870 now as planned
Trade closed: stop reached:
I hit at my SL
Comment:
no trade yet, plan to buy around 1850
Trade active:
I'm in long now at 1860
Trade closed: target reached:
Long close at 1893 now
