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: 2020/06/15
No plan, No trading
Entry reason:
Gold broke the ascending H1 trendline, it also formed a double-top pattern at 1743 on last Friday.
The bullish momentum is kindly over here so I would mainly go short direction in next week.
1721 is still the key point, once it's passed with a strong power, bearish would go lower around 1690 1670.
Key support level: 1720
Key resistence 1742
So here's my plan:
Short above 1730+ , SL 1745 TP 1690
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: 2020/06/15
No plan, No trading
Entry reason:
Gold broke the ascending H1 trendline, it also formed a double-top pattern at 1743 on last Friday.
The bullish momentum is kindly over here so I would mainly go short direction in next week.
1721 is still the key point, once it's passed with a strong power, bearish would go lower around 1690 1670.
Key support level: 1720
Key resistence 1742
So here's my plan:
Short above 1730+ , SL 1745 TP 1690
Comment:
The 1720 support is broken. I already close my 40% of short position at 1716, and will re-enter short again around 1724-1728
