9.23 Gold Daily Intraday Review
In the morning, I anticipated the market would pull back and stabilize, then looked for a long setup. I provided a long opportunity at 4320–34. As expected, the market moved upward, reaching a high at 4376 and creating a 14-point move.
In the evening, I continued to base positions on support. I entered longs in the 4300–4310 range. Price rose to 4319, capturing 19 points. Only if the market broke below the previous low at 4391, I would follow with a short setup. The move pulled back to 4277, capturing 13 points.
Ms. Wen’s two orders were executed successfully. The first order was a long from 4330–4336: +6 points, earning $1,800.
The second order was entered at 4333 and exited at 4320: +13 points, earning $4,000.
Trading is about following the rules, controlling risk, and waiting patiently for opportunities. $XAU
In the morning, I anticipated the market would pull back and stabilize, then looked for a long setup. I provided a long opportunity at 4320–34. As expected, the market moved upward, reaching a high at 4376 and creating a 14-point move.
In the evening, I continued to base positions on support. I entered longs in the 4300–4310 range. Price rose to 4319, capturing 19 points. Only if the market broke below the previous low at 4391, I would follow with a short setup. The move pulled back to 4277, capturing 13 points.
Ms. Wen’s two orders were executed successfully. The first order was a long from 4330–4336: +6 points, earning $1,800.
The second order was entered at 4333 and exited at 4320: +13 points, earning $4,000.
Trading is about following the rules, controlling risk, and waiting patiently for opportunities. $XAU
