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: 2020/09/14
No plan, No trading
------------------
Entry reason:
Gold is in the end of correction wave B (as a form of consolidation wave a-b-c-d-e ). It re-test the upper trendline again. The circled area will be the best entry to short again with small SL.
Gold has broken the green trendline and confirm the downside direction. It touches 1938 the lowest in this morning and now start the retracement. I have close my profit around 1938 from 1970 short.
I think the best re-entry to short again is around 1950 - 1955 area, the 38.2% fib of the previous drop.
So here's my plan:
Sell limit: 1950-1955, SL, 1962, TP 1937
sell stop 1937 : tp 1920
No buy at this moment
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: 2020/09/14
No plan, No trading
------------------
Entry reason:
Gold is in the end of correction wave B (as a form of consolidation wave a-b-c-d-e ). It re-test the upper trendline again. The circled area will be the best entry to short again with small SL.
Gold has broken the green trendline and confirm the downside direction. It touches 1938 the lowest in this morning and now start the retracement. I have close my profit around 1938 from 1970 short.
I think the best re-entry to short again is around 1950 - 1955 area, the 38.2% fib of the previous drop.
So here's my plan:
Sell limit: 1950-1955, SL, 1962, TP 1937
sell stop 1937 : tp 1920
No buy at this moment
