CFD sur Or (US$/OZ)Mis à jour Gold 0820 Trading Plan
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: 2020/08/20
No plan, No trading
Entry reason:
Gold drops from 1990 to 1928 area yesterday with OPEC & FMOC news. The break of 1980 confirms the start of wave C.
With a huge drop in a day, (and no more news within this week), Gold will need more momentum to go down.
Thus, I'm thinkinng a consolidation move is highly possible within range 1930 - 1960 for the day
Key support: 1928
Key resistence: 1960 1970
I will be neutral today but still bearish for the large cycle and mainly do scalping these days.
So here's my plan:
Sell : 1958 -- 1970 (by controlling my lot size)
buy : 1928-1935
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: 2020/08/20
No plan, No trading
Entry reason:
Gold drops from 1990 to 1928 area yesterday with OPEC & FMOC news. The break of 1980 confirms the start of wave C.
With a huge drop in a day, (and no more news within this week), Gold will need more momentum to go down.
Thus, I'm thinkinng a consolidation move is highly possible within range 1930 - 1960 for the day
Key support: 1928
Key resistence: 1960 1970
I will be neutral today but still bearish for the large cycle and mainly do scalping these days.
So here's my plan:
Sell : 1958 -- 1970 (by controlling my lot size)
buy : 1928-1935
Transaction en cours
Long position added as planned. SL 1923Trade fermée: cible de profit atteinte
I'm already sclap between 1928 to 1940 for 2 rounds and made good profit. just another quick update here.
Now the gold is making a consolidation triangle from 1928 to 1940.
If, it break up over 1944, Gold will at least test 1955 1960 as next target.
If NOT, I will short from 1940 and TP would be lower low
Note
CURRENT PRICE: 1935Trade fermée: cible de profit atteinte
II'm out of my buy at 1950
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.