Gold 0820 Trading Plan

업데이트됨

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

액티브 트레이드

Long position added as planned. SL 1923

거래청산: 타겟 닿음

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

코멘트

CURRENT PRICE: 1935

거래청산: 타겟 닿음

II'm out of my buy at 1950