[GOLD] Jan 30, 2020 - ALuoTradingJournal
Hi All,
I have got comments saying making a new post with my ideas on trades will be easier than me writing comments on my previous posts.
Just a update on the current gold situation.
Gold finally popped up to the last stage of its resistance level, and went up to its highest around 1588 (lucky it did not break 1590), and I started to give it a go to make a short position at 1583, I woke up at around 3 or 4, was very blur with my mind and saw that oh wow cool $10 on gold ! im happy enough, and closed the trade. Until, morning it went down to 1565 at its lowest. I did not regret, Im happy enough.
After that, I saw there is a signal there might be a chance to retrace again to test its second resistance at 1581. It grind its way up to 1581 quite quickly, and I made my short position again at my near expected resistance 1581 before I left work.
I would still aim 1568~1569 as my short to medium term trade, and if everything goes nice and drop like a peanut from there. I will look for 1525 at my dream aim for the moment.
If the worst 1590~1592 will still be the final destination for all short positions, if it breakout totally, there is chance i will change direction in trading. Unless its a breakout. We will see.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
I have got comments saying making a new post with my ideas on trades will be easier than me writing comments on my previous posts.
Just a update on the current gold situation.
Gold finally popped up to the last stage of its resistance level, and went up to its highest around 1588 (lucky it did not break 1590), and I started to give it a go to make a short position at 1583, I woke up at around 3 or 4, was very blur with my mind and saw that oh wow cool $10 on gold ! im happy enough, and closed the trade. Until, morning it went down to 1565 at its lowest. I did not regret, Im happy enough.
After that, I saw there is a signal there might be a chance to retrace again to test its second resistance at 1581. It grind its way up to 1581 quite quickly, and I made my short position again at my near expected resistance 1581 before I left work.
I would still aim 1568~1569 as my short to medium term trade, and if everything goes nice and drop like a peanut from there. I will look for 1525 at my dream aim for the moment.
If the worst 1590~1592 will still be the final destination for all short positions, if it breakout totally, there is chance i will change direction in trading. Unless its a breakout. We will see.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
