So please note: This is a personal journal only, but NOT a trading suggestion.
Date: 2021/ 02 / 25
Today’s high 1804 has become a new resistence and 1786 has become the new support but it’s kinda weak if it touched 3 times.
No.1. Gold continually falling and break 1785 support and then drops hardly to 1760 area.
No.2 Gold makes sideways between 1785 – 1805 and then continue falling.
No.3 Gold rebounce hardly and break 1805 resistence and test 1815 again.
==================My Trading Plan=================
Based on these situation:
The key resistence : 1800 1805 1815
The key support: 1760 1785
buy limit 1785-1790, SL 1783, TP 1800, or wait a M15 reversal signal at 1785area to enter a buy.
Sell limit: 1800 – 1805, SL 1807, TP 1788.
sell stop : 1782, TP 1765.
These buy stop & sell stop order is hard to set SL, so I will use trailing SL instead of fixed price.