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Waveanaylsis

Gold 0831 Trading PlanInstead of calling Gold analysis, I would use the term of trading plan or trading journal to record my trades. So please note: This is a personal journal only, but NOT a trading suggestion. Please control your own risk if you want to follow, we may have different risk preference and position management strategy. Date: 2020/08/31 No plan, No trading Is gold really ready to fly? ------------------ Entry reason: As we know Gold broke the 1955 resistence and the red trendline, and touched 1973 last Friday and reached 1976 when Monday market opens. It looks Gold has changed the direction turned into bullish with high potential (2015 or higher) However I wouldn't be too optimisitc to long at this moment. 1973 is the 61.8% fib of the previous drop (2015 - 1904) and we are very near the key resistence here. Gold cross above 1977, or cross the top pink trendline would be the confirmation of bullish and the next target will be 2015 area. There's possibility that Gold is still in the big B wave cycle and ranging for more time. Since it broke the trendline, it will give me a long opportunity when it retouch the trendline. Under this assumption, wave C is still not coming yet and a huge drop is still possible. Key resistence: 1976 Key support: 1955, 1935, 1920 So here's my plan: Sell limit: 1973 -1976, TP 1955. SL 1978 Buy limit: 1955, SL 1950, TP 1975 Buy limit: 1920, SL 1915, TP 1965 buy stop 1978, tp 2000+ . Use trail stop with 500 pips, or close manually when market reverse Sell stop, 1915, tp 1865. Use trail stop with 500 pips, or close manually when market stop
TVC:GOLD
by kjwlegend
2
XRP/USD - ‘2’ Correction, ‘3’ ImpulseHello traders, Look for a small sideways flag here and a dump to .245-.255 area. We will have a complete flat correction there, which means it will be ready to impulse up to the .29-.30 area to complete the bigger flat or to start the reversal. Flat or reversal, which one will it be? We will have to wait for new price action to answer that question. For now, expect a down move before any significant up move. Previous idea still in play, no major changes as of now. If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below! Please don’t forget to like & follow. Thank you, Good luck
BITFINEX:XRPUSDShort
by UnknownUnicorn852976