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: 2020/09/22
No plan, No trading
------------------
Entry reason:
Gold has broken the ascending trendline and the last drop to 1883 was already a confirmation of the start of wave C.
It was retesting 1919 this morning, which is the 50% of fib position of the preivous drop, which is the correction wave 2 of the big C.
I think the 1st target for the wave C is at least 1875, and if we look from the daily range, a huge drop to 1760 area is also possible.
The pattern will become invalid only when gold rise above 1930. Below 1930, I will do short only.
So here's my plan:
Sell from 1913-1925, TP 1885, 1865.
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: 2020/09/22
No plan, No trading
------------------
Entry reason:
Gold has broken the ascending trendline and the last drop to 1883 was already a confirmation of the start of wave C.
It was retesting 1919 this morning, which is the 50% of fib position of the preivous drop, which is the correction wave 2 of the big C.
I think the 1st target for the wave C is at least 1875, and if we look from the daily range, a huge drop to 1760 area is also possible.
The pattern will become invalid only when gold rise above 1930. Below 1930, I will do short only.
So here's my plan:
Sell from 1913-1925, TP 1885, 1865.
Trade ativo:
short in now at 1915
Trade fechado: objetivo atingido:
I'm closing 40% of my short at 1898, will re-enter short at 1907
