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: 2020/06/30
No plan, No trading
Entry reason:
Gold has completed A-B-C correction wave and a strong rebounce up to 1775. I don't think Bullish is so confident at this price, neither berish.
The direction is unclear after A-B-C and Gold price is ranging between 1767-1775. It seems a bullish flag, but I won't trade as 100% bullish.
A better plan is wait for the break out up or down.
If it's going down, after gold breaks 1767, there's still a purple ascending TL at 1760.
if going up, 1775 is the key resistence and a break will aim to 1788 or higher.
So here's my plan:
Range trading:
buy 1767 1768, SL $1.5 , TP 1775
short at 1773-1775 , SL 1776, TP 1767
stop trading
buy stop 1776, TP 1788
sell stop 1766 , TP 1760, 1740
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: 2020/06/30
No plan, No trading
Entry reason:
Gold has completed A-B-C correction wave and a strong rebounce up to 1775. I don't think Bullish is so confident at this price, neither berish.
The direction is unclear after A-B-C and Gold price is ranging between 1767-1775. It seems a bullish flag, but I won't trade as 100% bullish.
A better plan is wait for the break out up or down.
If it's going down, after gold breaks 1767, there's still a purple ascending TL at 1760.
if going up, 1775 is the key resistence and a break will aim to 1788 or higher.
So here's my plan:
Range trading:
buy 1767 1768, SL $1.5 , TP 1775
short at 1773-1775 , SL 1776, TP 1767
stop trading
buy stop 1776, TP 1788
sell stop 1766 , TP 1760, 1740
Dagangan aktif
sell opened 1766
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.