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: 2020/08/07
No plan, No trading
Entry reason:
Gold drops from 2070 to 2051 since this morning and shows a signal of reverse in H4 chart.
I would continue doing short from now till 2010 1990.
However, there's some support at 2050 area. So, use swing trade technique to make more profit.
So here's my plan:
Sell from 2060-2070, Take half at 2050 and short again when it's up.
Sell stop at 2048. TP 2020 2010.
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: 2020/08/07
No plan, No trading
Entry reason:
Gold drops from 2070 to 2051 since this morning and shows a signal of reverse in H4 chart.
I would continue doing short from now till 2010 1990.
However, there's some support at 2050 area. So, use swing trade technique to make more profit.
So here's my plan:
Sell from 2060-2070, Take half at 2050 and short again when it's up.
Sell stop at 2048. TP 2020 2010.
Trade active:
Short opened at 2061 now.
Trade closed: target reached:
close at 2025 now
Trade active:
Gold price touches 2040 again.
I am adding some small short again. 2040 - 2050
I am adding some small short again. 2040 - 2050
