Instead of calling Gold analysis, I would use the term of trading journal to record my trades because I may not always have a plan to trade.
I was so adicated to trade even sometimes when plan are not available, and in return, it costs me 200k USD to learn the fact, that not everyday we have opportunity to trade.
So please note: This is a personal journal only, but NOT a trading suggestion.
Date: 2021/ 02 / 09
===================Analysis=================
Gold broke the key resistence 1830 yesterday following the No.3 assumption from the previous analysis, which means the short-term trend has been turned into bullish, while in the long-term, the direction remains bearish.
So becaus of the conflicts of the trend in different period, I think Gold will needs a rest before making the further decision, so a consolidation will likely to happen between 1830- 1860.
=================Possible Situation==========
No.1. Gold drops and re-tests 1830 support and then rise up again.
No.2 Gold breaks the 1830 support strongly without stop and test the previous low again
No.3 Gold continue rising to 1855-1860 without stop and the start a big consolidation to 1830 again.
==================My Trading Plan=================
Based on these situation:
The support: 1785 1830
The resistence: 1795 1785
buy limit: 1829-1830, SL 1827. tp 1845
Sell limit : 1855-1860 SL 1865, TP 1830, 1785
I was so adicated to trade even sometimes when plan are not available, and in return, it costs me 200k USD to learn the fact, that not everyday we have opportunity to trade.
So please note: This is a personal journal only, but NOT a trading suggestion.
Date: 2021/ 02 / 09
===================Analysis=================
Gold broke the key resistence 1830 yesterday following the No.3 assumption from the previous analysis, which means the short-term trend has been turned into bullish, while in the long-term, the direction remains bearish.
So becaus of the conflicts of the trend in different period, I think Gold will needs a rest before making the further decision, so a consolidation will likely to happen between 1830- 1860.
=================Possible Situation==========
No.1. Gold drops and re-tests 1830 support and then rise up again.
No.2 Gold breaks the 1830 support strongly without stop and test the previous low again
No.3 Gold continue rising to 1855-1860 without stop and the start a big consolidation to 1830 again.
==================My Trading Plan=================
Based on these situation:
The support: 1785 1830
The resistence: 1795 1785
buy limit: 1829-1830, SL 1827. tp 1845
Sell limit : 1855-1860 SL 1865, TP 1830, 1785
