please note: This is a personal journal only, but NOT a trading suggestion.
Current price: 1940
===================Technical Analysis=================
The Russia and Ukraine issue has been escalated to a real WAR that pushed Gold 1948 today.
I was thinking those people are not that stupid to let the troops pull the trigger, but they really are.
This makes me re-draw the wave-count of Gold movement which is shown in the chart.
Again, even Gold seems quite strong bullish, I will not buy until price drops below 1900. For such strong rise, the correction will also be deep.
Based on my calculation, 1947 - 1955 will be the top for the move.
Correction wave A will possible goes to: 1915
Correction wave-B , back to : 1935
Correction Wave-C, dump to: 1885 area.
=================Possible Situation==========
No.1 Gold continue rise to a new high above 1950.
No.2 Gold starts the correction before next huge movement. I'm exepecting correction A-B-C to be completed in next few days.
=================My Trading Plan===============
Buy limit: 1880,
Sell limit: 1945 area
Buy stop: N/A
sell stop: 1935,1910
Current price: 1940
===================Technical Analysis=================
The Russia and Ukraine issue has been escalated to a real WAR that pushed Gold 1948 today.
I was thinking those people are not that stupid to let the troops pull the trigger, but they really are.
This makes me re-draw the wave-count of Gold movement which is shown in the chart.
Again, even Gold seems quite strong bullish, I will not buy until price drops below 1900. For such strong rise, the correction will also be deep.
Based on my calculation, 1947 - 1955 will be the top for the move.
Correction wave A will possible goes to: 1915
Correction wave-B , back to : 1935
Correction Wave-C, dump to: 1885 area.
=================Possible Situation==========
No.1 Gold continue rise to a new high above 1950.
No.2 Gold starts the correction before next huge movement. I'm exepecting correction A-B-C to be completed in next few days.
=================My Trading Plan===============
Buy limit: 1880,
Sell limit: 1945 area
Buy stop: N/A
sell stop: 1935,1910
