Backtesting for 6 Dec: Gold
Technical Analysis
NO 1: SELL (164 PIPS)
Price reversed at Weekly Lekuk Resistance (1809.30) and went short for 164 pips. Price breaks H4 support (1798~). The trend is downtrend.
Time: 12:00H
NO 2: BUY (50 PIPS)
Retracement buy from H1 Strong Support + Precise M15 Support Shadow (1794.57 - 1793.36), price went up for 50 pips. It did not break any Resistance hence, the trend remain downtrend.
Time: 20:00H
NO 3: SELL (320 PIPS)
Price respected the H1 QMS + M15 Strong Resistance (1798.96 - 1797.78) and went short for 320 pips!
Time: 21:00H
Fundamental Analysis
News: ISM Non-Manufacturing PMI
Time: 23:00H
Result: Good for currency, USD strengthens, Gold weakens and because Gold has rejected the Weekly R and price has break 1 H4 QMB Level and 2 H4 Supports.
Intraday setup for 5 Dec trend was sell. with total pips of 534 pips using my preferred Technical Analysis.
Technical Analysis
NO 1: SELL (164 PIPS)
Price reversed at Weekly Lekuk Resistance (1809.30) and went short for 164 pips. Price breaks H4 support (1798~). The trend is downtrend.
Time: 12:00H
NO 2: BUY (50 PIPS)
Retracement buy from H1 Strong Support + Precise M15 Support Shadow (1794.57 - 1793.36), price went up for 50 pips. It did not break any Resistance hence, the trend remain downtrend.
Time: 20:00H
NO 3: SELL (320 PIPS)
Price respected the H1 QMS + M15 Strong Resistance (1798.96 - 1797.78) and went short for 320 pips!
Time: 21:00H
Fundamental Analysis
News: ISM Non-Manufacturing PMI
Time: 23:00H
Result: Good for currency, USD strengthens, Gold weakens and because Gold has rejected the Weekly R and price has break 1 H4 QMB Level and 2 H4 Supports.
Intraday setup for 5 Dec trend was sell. with total pips of 534 pips using my preferred Technical Analysis.
Nota
Sorry typo, ini backtest for 3rd December 2022, Friday
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.
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.