[Gold] July 11, 2019 - ALuoTradingJournal
The gold was successfully weakened with its first resistance level near 1423 as analysed in the last journal.
A upward trend went up to the price near 1423, and from what we can see in H4, we can see that the signal is hinting that 1427 was its high for today.
This means that, if doing a short term position if it does not surpass the its current high. I will make stop loss at 1429 or 1430 with a tiny space, incase of a sudden spike pops up and go downward trend straight afterwards, but the final destination for short position will still be as 1440. Anything passes that, all short positions must stop from my point of view. For the moment, I will aim for the 1400 as my Take Profit.
In long term, if price doesnt break 1440, I will aim 1360 as the first long term aim. During time will be getting those retracements.
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.
A upward trend went up to the price near 1423, and from what we can see in H4, we can see that the signal is hinting that 1427 was its high for today.
This means that, if doing a short term position if it does not surpass the its current high. I will make stop loss at 1429 or 1430 with a tiny space, incase of a sudden spike pops up and go downward trend straight afterwards, but the final destination for short position will still be as 1440. Anything passes that, all short positions must stop from my point of view. For the moment, I will aim for the 1400 as my Take Profit.
In long term, if price doesnt break 1440, I will aim 1360 as the first long term aim. During time will be getting those retracements.
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.
Trade active:
Still in the house. But if it reaches anywhere near 1400, ill be closing it !
Trade closed: target reached
