Gold critical support: 1975.
Rules to follow in daily trading:
* Bull & bear boundary is critical for trading. We suggest $2 beyond for SL. If the boundary postion breaks, most probably the trendance will be reversed.
* 1st or 2nd supporting position is for buying entry or TP (partial or total) of selling orders.
* 1st or 2nd pressure position is for selling entry or TP (partial or total) of buying orders .
* $1 difference is acceptable. E.g. supporting 1980, means 1979-1981.9 is the buying entry area.
* $5 beyond supporting or pressure position is our max SL.
* In daily short-term trading, we suggest $7-$9 profit to close at least half of oders and leave only 1/3 or close all the orders when $14 profit achieved.
* In long-term trading which has been confirmed by pattern, we suggest keeping at least half amount of orders when 1st pressure position reached and move SL accordingly to bull & bear boundary position.
* In long-term trading, retracement of $30-$50 is normal, dosen't mean the revesal of trend. That's why we still keep our buying ordrs entered at 1810.6 and closed most orders at 2000.
* Bull & bear boundary is critical for trading. We suggest $2 beyond for SL. If the boundary postion breaks, most probably the trendance will be reversed.
* 1st or 2nd supporting position is for buying entry or TP (partial or total) of selling orders.
* 1st or 2nd pressure position is for selling entry or TP (partial or total) of buying orders .
* $1 difference is acceptable. E.g. supporting 1980, means 1979-1981.9 is the buying entry area.
* $5 beyond supporting or pressure position is our max SL.
* In daily short-term trading, we suggest $7-$9 profit to close at least half of oders and leave only 1/3 or close all the orders when $14 profit achieved.
* In long-term trading which has been confirmed by pattern, we suggest keeping at least half amount of orders when 1st pressure position reached and move SL accordingly to bull & bear boundary position.
* In long-term trading, retracement of $30-$50 is normal, dosen't mean the revesal of trend. That's why we still keep our buying ordrs entered at 1810.6 and closed most orders at 2000.
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