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: 2020/09/03
No plan, No trading
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Entry reason:
Yesterday I posted an idea :
In a bearish view:
I'm still holding my original opinion that the Big C is not completed yet, but I don't know when it will happen. We can only confirm it once the Gold breaks the pink TL.
This drop gives me another high point to make a top TL, from which I'm thinking gold is makeing the big consolidation wave in a big range to finnally form the wave B. 1990 could be the recent high point that will not be exceeded for a long time.
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Gold is the first time breaking the pink TL, which is a confirmation that wave C is start to me.
Thus I'm in sell since now on.
Key resistence: 1931
Key support: 1905, 1865
So here's my plan:
No buy but only sell whenever the price retrace back. TP 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: 2020/09/03
No plan, No trading
------------------
Entry reason:
Yesterday I posted an idea :
In a bearish view:
I'm still holding my original opinion that the Big C is not completed yet, but I don't know when it will happen. We can only confirm it once the Gold breaks the pink TL.
This drop gives me another high point to make a top TL, from which I'm thinking gold is makeing the big consolidation wave in a big range to finnally form the wave B. 1990 could be the recent high point that will not be exceeded for a long time.
==================
Gold is the first time breaking the pink TL, which is a confirmation that wave C is start to me.
Thus I'm in sell since now on.
Key resistence: 1931
Key support: 1905, 1865
So here's my plan:
No buy but only sell whenever the price retrace back. TP 1865
Trade attivo:
Go short . The news has confirmed the break out!
