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: 2020/08/18
No plan, No trading
Entry reason:
Gold has made an insane rise for no reason on Monday from 1930 to 1990, $60 increase.
Even everyone is thinking bullish is recover, however, in wave count, it's still just wave 4 or B. Thus, I'm still on bias on short Gold to the bottom support again.
The key support line is: 1967
The key resistence line is: 1990,1994
So here's my plan:
Sell at 1985+ , TP 1965, SL 1995
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: 2020/08/18
No plan, No trading
Entry reason:
Gold has made an insane rise for no reason on Monday from 1930 to 1990, $60 increase.
Even everyone is thinking bullish is recover, however, in wave count, it's still just wave 4 or B. Thus, I'm still on bias on short Gold to the bottom support again.
The key support line is: 1967
The key resistence line is: 1990,1994
So here's my plan:
Sell at 1985+ , TP 1965, SL 1995
Comment:
I plan to short at 2007
