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: 2020/12/23
No plan, No trading
------------------
Entry reason:
Gold tested 1860 area yesterday and seems find a valid support here. From the chart, you can also see 1860 is also the pivot point of the ascending trendline (Green one). if a rebounce happened at this point, there could be a few situation:
No.1 Re-test 1882 resistence line and drop again
No.2 Retest 1882 and break out and go up to 1902 again.
No.3: If I look into a lower timeframe - M15, 1873 - 1875 is the intra-day pivot point. There's also a possibility that gold falls again from this point if the bearish power is strong.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.