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: 2020/10/16
We have made a nice profit in the last short plan.
No plan, No trading
Last order: 1892 Long and close at 1901 1904 = 120 pips
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Entry reason:
Gold has broken the intra-day trendline (1900) and reachs 1910 highest this morning.
In my opinion, Gold is still moving under the daily trendline (the blue one) in the bearish trend.
The key resistence is still 1911 and 1920. Gold goes above 1920 will confirm bullish and, break down to 1895 will trigger a rug drop down to 1880 and 1850.
So here's my plan:
I have added a slight selling position at 1904
Short:
More Sell limit around 1909-1911
ell stop 1893, 1880
Long:
Buy stop 1922.
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: 2020/10/16
We have made a nice profit in the last short plan.
No plan, No trading
Last order: 1892 Long and close at 1901 1904 = 120 pips
------------------
Entry reason:
Gold has broken the intra-day trendline (1900) and reachs 1910 highest this morning.
In my opinion, Gold is still moving under the daily trendline (the blue one) in the bearish trend.
The key resistence is still 1911 and 1920. Gold goes above 1920 will confirm bullish and, break down to 1895 will trigger a rug drop down to 1880 and 1850.
So here's my plan:
I have added a slight selling position at 1904
Short:
More Sell limit around 1909-1911
ell stop 1893, 1880
Long:
Buy stop 1922.
Trade active:
sell in at 1904 and 1910
Trade closed: target reached:
close 70% at 1899 already , and now re-entered at 1903
