Gold Trading Journal - April 2021

26 mai 2021

The 1 hour and 4 hour uptrend looks intact. The divergence in day chart looks like a warning.

Since it has already reached my sell target (1860), I will close it when
1) 1 hour downtrend
2) 4 hour dual death cross (20, 60)
3) day chart break 20 SMA and EMA .
May 24
Comment: Close it whichever comes first
1) 1860
2) the condition I mentioned in the comment above.

4 juin 2021

Note

for sure, GC will turn full uptrend (20 > 60 > 120) in a month.

If we see price goes down to EMA60 in the next month, will long 1 more contract

If we see the price drop down to 200 day SMA for 2 days. Will sell the contract whenever the price bounces back.