please note: This is a personal journal only, but NOT a trading suggestion.
Current price: 1866.5
===================Analysis=================
Gold is definitely making the new direction in next few days.
Last few days Gold shows a strong bullish momentuml, and now ranges in a very small consolidating area.
It's still a question which direction Gold will go but the range is super clear now: 1860 - 1870
Above 1870, 1890 is an easy target based on my calculation, but I won't be so optimistic about 1900+.
Below 1860, 1845-1848 is the key support to re-test with high probability. if broken, 1835 will be the next fast hit.
Gold won't ranges too long.
So here are a few situations:
=================Possible Situation==========
No.1 Gold ranges abvoe 1870
No.2 Gold drops to lower demand zone
P.S:
I'm NOT trying to predict the market, but just to find out the most cost-efficient plan to trade.
=================My Trading Plan===============
Because the ranging area is too small to do buy limit or sell limit, I would prefer buy or sell stop orders in today's plan.
Buy limit: N/A
Sell limit: N/A
Buy stop: 1870, SL 1865 TP 1890
Sell stop : 1860, sl 1865 tp 1845, 1835
Current price: 1866.5
===================Analysis=================
Gold is definitely making the new direction in next few days.
Last few days Gold shows a strong bullish momentuml, and now ranges in a very small consolidating area.
It's still a question which direction Gold will go but the range is super clear now: 1860 - 1870
Above 1870, 1890 is an easy target based on my calculation, but I won't be so optimistic about 1900+.
Below 1860, 1845-1848 is the key support to re-test with high probability. if broken, 1835 will be the next fast hit.
Gold won't ranges too long.
So here are a few situations:
=================Possible Situation==========
No.1 Gold ranges abvoe 1870
No.2 Gold drops to lower demand zone
P.S:
I'm NOT trying to predict the market, but just to find out the most cost-efficient plan to trade.
=================My Trading Plan===============
Because the ranging area is too small to do buy limit or sell limit, I would prefer buy or sell stop orders in today's plan.
Buy limit: N/A
Sell limit: N/A
Buy stop: 1870, SL 1865 TP 1890
Sell stop : 1860, sl 1865 tp 1845, 1835
Dagangan aktif
buy opened at 1870 as palnnedDagangan ditutup: hentian tercapai
what a shit movement
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.