2024/03/06 Gold Trading Plan
Please note: This is a personal journal only, but NOT a trading suggestion.
Current price: 2141
===================Technical Analysis=================
Gold has embarked on a robust bull run after testing the support at 1990, rebounding sharply without experiencing the typical correction. The market is currently in a severe overbought state.
A key resistance level for gold was previously at 2145, which was slightly breached today but quickly fell back following Powell's speech.
Although gold is still in a bullish trend, I will consider a short position based on the resistance level and the need for a correction.
Entry point: near 2145
Target: 2085, 38% Fibonacci retracement
Stop loss: 2180.
P&L: 2.55
=================Possible Situation==========
No.1 Gold continues to rise to a new high above 2145.
No.2 Gold initiates a correction before the next significant movement. I expect the correction A-B-C to be completed in the coming days.
=================My Trading Plan===============
Buy limit: N/A
Sell limit: near 2145
Buy stop: N/A
Sell stop: 2121, 2108, 2000
Current price: 2141
===================Technical Analysis=================
Gold has embarked on a robust bull run after testing the support at 1990, rebounding sharply without experiencing the typical correction. The market is currently in a severe overbought state.
A key resistance level for gold was previously at 2145, which was slightly breached today but quickly fell back following Powell's speech.
Although gold is still in a bullish trend, I will consider a short position based on the resistance level and the need for a correction.
Entry point: near 2145
Target: 2085, 38% Fibonacci retracement
Stop loss: 2180.
P&L: 2.55
=================Possible Situation==========
No.1 Gold continues to rise to a new high above 2145.
No.2 Gold initiates a correction before the next significant movement. I expect the correction A-B-C to be completed in the coming days.
=================My Trading Plan===============
Buy limit: N/A
Sell limit: near 2145
Buy stop: N/A
Sell stop: 2121, 2108, 2000
עסקה פעילה
opened
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.