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: 2020/09/25
No plan, No trading
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Entry reason:
Gold start rebounce from 1849 to 1876 and now drops to 1855 at the current price. A $26 rebounce seems quite weak for a $100 drop. There's possibility that A-B-C wave to complete the full rebounce, and now we are in the wave b of the correction.
The current key resistence will be 1876, 1883, 1895, 1915
The key support is: 1849.
So here's my plan:
Buy from 1849 - 1855, TP 1876, 1880. SL , 1847
Sell from 1885
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: 2020/09/25
No plan, No trading
------------------
Entry reason:
Gold start rebounce from 1849 to 1876 and now drops to 1855 at the current price. A $26 rebounce seems quite weak for a $100 drop. There's possibility that A-B-C wave to complete the full rebounce, and now we are in the wave b of the correction.
The current key resistence will be 1876, 1883, 1895, 1915
The key support is: 1849.
So here's my plan:
Buy from 1849 - 1855, TP 1876, 1880. SL , 1847
Sell from 1885
Trade active:
Long opened at 1855
Comment:
in profit now. still hold
Trade closed: target reached:
1st target reach at 1876
