Instead of calling Gold analysis, I would use the term of trading journal to record my trades because I may not always have a plan to trade.
I was so adicated to trade even sometimes when plan are not available, and in return, it costs me 200k USD to learn the fact, that not everyday we have opportunity to trade.
So please note: This is a personal journal only, but NOT a trading suggestion.
Date: 2021/ 02 / 02
===================Analysis=================
Yesterday Gold had tried twice to break 1870 area but still failed. And a reverse signal in H4 chart is clear to see.
I gave a few possible situations yesterday, the Gold was on No.2. (The relative link below)
Today I will remain the bearish view and next target might be 1842 area.
=================Possible Situation==========
No.1 Gold ranges between 1850 and 1860 for a while and goes down
No.2 Gold breaks down 1850 and test 1842 again
No.3 Gold breaks down 1842 and straight to 1831
No.3 Gold breaks above 1861 and resume the bullish trend.
The intra-day trend: Bear > Bull
==================My Trading Plan=================
Based on these situation:
The support: 1850 1842 1832
The resistence: 1862
sell limit: 1858-1862 area, SL 1865, TP 1850 1842
Sell stop: 1849 , SL 1853, 1842
Buy limit: 1830 area
I was so adicated to trade even sometimes when plan are not available, and in return, it costs me 200k USD to learn the fact, that not everyday we have opportunity to trade.
So please note: This is a personal journal only, but NOT a trading suggestion.
Date: 2021/ 02 / 02
===================Analysis=================
Yesterday Gold had tried twice to break 1870 area but still failed. And a reverse signal in H4 chart is clear to see.
I gave a few possible situations yesterday, the Gold was on No.2. (The relative link below)
Today I will remain the bearish view and next target might be 1842 area.
=================Possible Situation==========
No.1 Gold ranges between 1850 and 1860 for a while and goes down
No.2 Gold breaks down 1850 and test 1842 again
No.3 Gold breaks down 1842 and straight to 1831
No.3 Gold breaks above 1861 and resume the bullish trend.
The intra-day trend: Bear > Bull
==================My Trading Plan=================
Based on these situation:
The support: 1850 1842 1832
The resistence: 1862
sell limit: 1858-1862 area, SL 1865, TP 1850 1842
Sell stop: 1849 , SL 1853, 1842
Buy limit: 1830 area
Trade closed: target reached:
TP1 1842 reached. some short position closed now
Trade closed: target reached:
TP2 1830 reached.
consider have a small buy here
consider have a small buy here
