ARESABI

[GOLD] Trading Plan - Update #1

Long
OANDA:XAUUSD   Gold / US-Dollar
This is an update of my previous gold idea (linked below). Everything is working out according to our Trading Plan. We saw the price retracing to the middle-line of the Bull Flag and a move below $1.800 within the following three days. According to this intra-day view on the 4H chart, we might see a small retracement back to $1.820 until the end of this week and a continunation of the down-movement in the next week.

Since Gold is still in an long-term uptrend & the price is moving in a Bull Flag - so i prefer to not countertrade the trend and go with short positions. Instead i try to increase my position long positions during pullbacks.
Please act according to your own risk-profile.

Feel free to check out yesterday's livestream as well ( Bitcoin $50.000 celebration)

cheers,
Ares
Kommentar: Approaching the target zone