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: 2020/11/17
No plan, No trading
Intra-day trend: Nutral
------------------
Entry reason:
After the insane $110 drop, Gold was unsure about its next direction now. Yesterday, it had a quick fall due to vaccine news again but later rebounce straight up with strong buying power.
I believe ranging will still continue in the range 1883 -- 1898 or 1907. Any break out of these range will confirm the direction for the next movement.
So here's my plan:
key resistence: 1898 1907
Key support: 1883-1885
Short:
Sell from 1898 - 1907 , , TP 1885 area , SL 1910
Long:
buy from 1883-1886, TP 1898 area, sl 1880
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: 2020/11/17
No plan, No trading
Intra-day trend: Nutral
------------------
Entry reason:
After the insane $110 drop, Gold was unsure about its next direction now. Yesterday, it had a quick fall due to vaccine news again but later rebounce straight up with strong buying power.
I believe ranging will still continue in the range 1883 -- 1898 or 1907. Any break out of these range will confirm the direction for the next movement.
So here's my plan:
key resistence: 1898 1907
Key support: 1883-1885
Short:
Sell from 1898 - 1907 , , TP 1885 area , SL 1910
Long:
buy from 1883-1886, TP 1898 area, sl 1880
Trade active:
I actually already in at 1888 long. because my account size allow me to have bigger SL range.
Comment:
long added at 1886
Trade closed: stop reached:
I hit my SL.
