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: 2020/08/17
No plan, No trading
Entry reason:
From the big picture, I'm still thinking Gold is in the move of wave 4 or B, which is a high fluctuant market and that bulls or bearish are not clear in short time, but it will finally test the lower support in later stage.
Gold dropped to 1930 and then quickly rebounce to 1942 area now. This rebounce is quick and strong but you can see it broke the short term TL. It might be the start of the final wave 5, however, I'm not very sure because it's not confirmed.
The key support line is: 1930, 1910 1900, 1865
The key resistence line is: 1950, 1960
Personally I'm more bias on short. The break down to 1930 will trigger another strong drop to 1910 area.
However, there's also a possibility that gold is going up
So here's my plan:
Sell at 1940, SL 1945 TP 1930
sell stop, 1928, SL 1935, TP 1910
sell stop 1898, SL 1905, TP 1870
Gold may start rebounce at any of these support but the Risk and reward ratio is quite good, so I will give it a try.
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: 2020/08/17
No plan, No trading
Entry reason:
From the big picture, I'm still thinking Gold is in the move of wave 4 or B, which is a high fluctuant market and that bulls or bearish are not clear in short time, but it will finally test the lower support in later stage.
Gold dropped to 1930 and then quickly rebounce to 1942 area now. This rebounce is quick and strong but you can see it broke the short term TL. It might be the start of the final wave 5, however, I'm not very sure because it's not confirmed.
The key support line is: 1930, 1910 1900, 1865
The key resistence line is: 1950, 1960
Personally I'm more bias on short. The break down to 1930 will trigger another strong drop to 1910 area.
However, there's also a possibility that gold is going up
So here's my plan:
Sell at 1940, SL 1945 TP 1930
sell stop, 1928, SL 1935, TP 1910
sell stop 1898, SL 1905, TP 1870
Gold may start rebounce at any of these support but the Risk and reward ratio is quite good, so I will give it a try.
İşlem aktif:
I opened my short at 1945
İşlem kapandı: durdurma seviyesi:
I am out of my 1945 short. but will still try to find another higi point to short
İşlem aktif:
I'm in short at 1948
Yorum:
add another short at 1950
Yorum:
Add short add 1956 now. Maybe more short at 1960 and all SL at 1965.
Yorum:
I add my last short at 1961
İşlem kapandı: durdurma seviyesi:
I'm out due to hit the SL.
Wait for another opportunity now
Wait for another opportunity now
İşlem aktif:
I'm in short at 1977 now . 61.8% Fib of wave 3
İşlem aktif:
I'm short in 1985 AGAIN!
