GOLD | False breakout of the trendline?

vor 12 Stunden

It's pretty much risky position, but I think with 60% certainty that what's going on right now with gold price is purely fasle and fake breakout of the trendline.

Although I have an opinion that DXY currently on a Bullish flag and will soon skyrocket again, but it's in a 4 hour time frame so it'll not happen soon.

While gold is transferred to bullish trendline, I think it'll go this way for at least next day. Will it fall hard later? Maybe? I don't know. It's not the main question.

My main point is that I opened my 7th position.
Opening: 2636
TP: 2645
SL: 2585

Not only my own analysis, but also other tools and AI telling me about this position.
By the way, I can actually be super wrong. But that's the game, isn't it?
So let's see what's gonna happen.

vor 3 Stunden

Order storniert

ATTENTION ladies and gentlemen! I'm cancelling my 7th position with $0 loss. I opened it at 2636, I'm closing it at 2636. I think and I'm pretty sure now that trendline is broken! I'm repeating: TRENDLINE IS BROKEN! So I don't want to risk right now! Wait for the next one!

vor 2 Stunden

Anmerkung

Price just hit the target, wow. I'm surprised myself. Let me just put green on my 7th square. No bonus for that, but it's still a win ☕️