[GOLD] July 18, 2019 - ALuoTradingJournal
My gold point of view for July 11th 2019 does not change.
Since July 11, 2019, It has gone down two times to the expected support at 1400 and pop back up to a speculated spot at around 1418 ~ 1423 and got resisted from there.
Right now, from the opening of the US market, a spike up of gold went all the way from 1403 ish to current 1423 touched once, now wobbling around 1421 ~ 1423, currently waiting for it to pass 1420 downward trend for my current trade to be safe with the TP of roughly around 1400, I will take it anywhere near 1400, unless an obvious signal came out beforehand.
1427~1430 will still be my range for the stop loss for this order, and after that I will wait for the 1435 again for it to get resisted and ill do a short again from there with stop loss of 1440.
My view with gold is still the same, anything pass 1440, for its retracement, I will consider to trade long instead of short, unless the candle stick did not pass its previous candle stick by far.
With a brave and aggressive thought of the current gold, I will still aim for near 1360 for it to reach its support and then I will consider trade long from there.
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.
Since July 11, 2019, It has gone down two times to the expected support at 1400 and pop back up to a speculated spot at around 1418 ~ 1423 and got resisted from there.
Right now, from the opening of the US market, a spike up of gold went all the way from 1403 ish to current 1423 touched once, now wobbling around 1421 ~ 1423, currently waiting for it to pass 1420 downward trend for my current trade to be safe with the TP of roughly around 1400, I will take it anywhere near 1400, unless an obvious signal came out beforehand.
1427~1430 will still be my range for the stop loss for this order, and after that I will wait for the 1435 again for it to get resisted and ill do a short again from there with stop loss of 1440.
My view with gold is still the same, anything pass 1440, for its retracement, I will consider to trade long instead of short, unless the candle stick did not pass its previous candle stick by far.
With a brave and aggressive thought of the current gold, I will still aim for near 1360 for it to reach its support and then I will consider trade long from there.
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.
Comment:
I have closed my position for the 1423 at 1414, and will set another pending order at 1423 again for the next round. Still aiming for 1400 if not pass my imaginary stop loss
