Day 6 · Gold (from Thailand) (Friday, 2 October 2026)

Day 6 · Gold (from Thailand)

−8.9 gold pips−£0.751/2 winsBalance £342.07

Test strategy: the 02:00 UK 1-hour candle wicked to 4,133.83, through this week's lows at 4,147.5, and closed back above at 4,151.47. Bought the next hour's open, out at about 1R.

Rule break: sold under the MEDIUM 4,188 level (Tue/Thu highs) with no confirmed rejection. The 07:00 UK candle ran through it to 4,195 and the trade closed at about -1R.

Market context

Gold slid from 4,182 to 4,134 in the first hours of Asia, straight through this week's lows at 4,147.5, on the morning of the US jobs report.

Key levels

4,166 · Thursday NY lows / Jul swing high4,147.5 · This week's lows (30 Sep / 1 Oct)4,111 · Week low / double bottom

The plan

Buy a rejection of this week's lows at 4,147.5, sell a rejection at 4,193–4,203.
Testing (separately): a 1-hour wick rejection at a level, entered on the next 1h candle, stop within the usual $8.

What happened

The 02:00 UK hour dropped to 4,133.83, $14 through the 4,147.5 line, then closed back above it at 4,151.47: a 1-hour rejection. I bought the 03:00 UK open at 4,151.83 with the stop at 4,144 (beyond the level and inside the $8 cap, per the test's stop rule) and took about 1R at 4,159.49 eighteen minutes later. The lowest it went after entry was 4,147.35. Then a trade I shouldn't have taken: at 06:53 UK I sold 4,184.38 under the 4,188 line, a MEDIUM level (this week's session highs) with no closed rejection candle. The 07:00 UK candle ran straight through it to 4,195.21 and I closed at 4,192.93: about -1R, -£6.51.

Trades

buy

1h zone rejection (test)03:00 UKXAUUSDLots 0.01In 4151.83Out 4159.49SL 4144Risk $7.83WinFollowed plan ✓

+76.6 pips£5.76 · +0.98R

1h wick rejection at this week's lows 4,147.5 (level book, strong); entered on the next 1h candle's open. Stop 4,144 (783 ticks, inside the 800 max). About 1R. +£5.80 before £0.04 commission.

sell

06:53 UKXAUUSDLots 0.01In 4184.38Out 4192.93SL 4192.93Risk $8.55LossFollowed plan ✗

−85.5 pips−£6.51 · −1.00R

Sell under the MEDIUM 4,188 level (Tue/Thu highs) without a closed rejection candle. Did not follow the rules: medium level, no confirmed close. Closed at 4,192.93 as price ran to 4,195.21 (about -1R). -£6.47 plus £0.04 commission.

Lessons

Stop rule for the 1h/4h rejection test (Jason): the stop goes beyond the LEVEL, capped at $8 (800 ticks), not beyond the whole wick. 1h/4h wicks are often $15–20, so wick stops would rule out most trades. Price came back to 4,147.35, $3.35 from the stop: the log tracks how close these stops come, to check the rule over time.
Rule break, logged honestly: a sell at a MEDIUM level without a confirmed close. Medium levels are where price often trades straight through; the plan only trades strong levels with a closed rejection. The win and the loss cancel out: the rules made the money, breaking them gave it back.