This is the latest version of my KCGI trading manual. Well, it seems my previous bearish analysis failed due to the FOMC. Although it's a bit frustrating, it's not a big deal.
Gold dropped to $4,235 after FOMC, but buyers pushed it back above $4,300. Right now, Gold is around $4,328.
So here comes the key point: $4,300 will be my latest focus.I’m bullish above it, but I’m not buying $4,328. Because the next real test is $4,360.
So what follows is my actual trading plan.
I’m wait for a 4H close above $4,360.
If Gold breaks $4,360 and then retests $4,350–$4,360 successfully:
Entry: $4,350–$4,360
TP1: $4,400
TP2: $4,440
Initial stop: $4,295
If I enter and price pulls back, I won't immediately panic.
My planned add-on zone is $4,300–$4,310, but only if this area holds on the 4H chart.
If $4,300 also fails:
No more adding.
Final stop: $4,235.
That's the important difference from my previous trade: I'm defining the maximum loss before adding to the position.
I hope this time it will be successful. The risk-reward ratio of the last trade was so good that I couldn't resist, even though it caused me to lose a lot of money on the xau800x leveraged CFD on Bitget.
But I won't make the same mistake again this time. $4,360 will be my bullish confirmation line; I will wait and not chase until it is broken.
Gold dropped to $4,235 after FOMC, but buyers pushed it back above $4,300. Right now, Gold is around $4,328.
So here comes the key point: $4,300 will be my latest focus.I’m bullish above it, but I’m not buying $4,328. Because the next real test is $4,360.
So what follows is my actual trading plan.
I’m wait for a 4H close above $4,360.
If Gold breaks $4,360 and then retests $4,350–$4,360 successfully:
Entry: $4,350–$4,360
TP1: $4,400
TP2: $4,440
Initial stop: $4,295
If I enter and price pulls back, I won't immediately panic.
My planned add-on zone is $4,300–$4,310, but only if this area holds on the 4H chart.
If $4,300 also fails:
No more adding.
Final stop: $4,235.
That's the important difference from my previous trade: I'm defining the maximum loss before adding to the position.
I hope this time it will be successful. The risk-reward ratio of the last trade was so good that I couldn't resist, even though it caused me to lose a lot of money on the xau800x leveraged CFD on Bitget.
But I won't make the same mistake again this time. $4,360 will be my bullish confirmation line; I will wait and not chase until it is broken.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.