Gold Trading Journal - April 2021
The 1 hour and 4 hour uptrend looks intact. The divergence in day chart looks like a warning.
Since it has already reached my sell target (1860), I will close it when
1) 1 hour downtrend
2) 4 hour dual death cross (20, 60)
3) day chart break 20 SMA and EMA .
May 24
Comment: Close it whichever comes first
1) 1860
2) the condition I mentioned in the comment above.
Since it has already reached my sell target (1860), I will close it when
1) 1 hour downtrend
2) 4 hour dual death cross (20, 60)
3) day chart break 20 SMA and EMA .
May 24
Comment: Close it whichever comes first
1) 1860
2) the condition I mentioned in the comment above.
Note
for sure, GC will turn full uptrend (20 > 60 > 120) in a month.If we see price goes down to EMA60 in the next month, will long 1 more contract
If we see the price drop down to 200 day SMA for 2 days. Will sell the contract whenever the price bounces back.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.