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: 2020/12/ 22
No plan, No trading
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Entry reason:
Gold falled from 1906 yesterday to 1856 for some reasons I don't know. The fall was strong but the rebounce is also super fast and head to 1884 highest.
I think the yesterday $50 drop is a signal of the next bearish move we may need more time for the further move.
1884 - 1860 has become the new ranging area for at least a day or 2 days. I would prefer to short at the high edge and close the position at low edge.
So here's my plan:
short from 1880 -1890 , SL %5 of account capital. TP 1860
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: 2020/12/ 22
No plan, No trading
------------------
Entry reason:
Gold falled from 1906 yesterday to 1856 for some reasons I don't know. The fall was strong but the rebounce is also super fast and head to 1884 highest.
I think the yesterday $50 drop is a signal of the next bearish move we may need more time for the further move.
1884 - 1860 has become the new ranging area for at least a day or 2 days. I would prefer to short at the high edge and close the position at low edge.
So here's my plan:
short from 1880 -1890 , SL %5 of account capital. TP 1860
