GOLD | Is This Bear Flag Real?
已更新
I have been holding my short position 2630-2615 for 12 hours now and I'll keep holding it because the bear flag looks pretty solid. But I'm opening a 12th Long position. Here's my little analysis for this position:
It's really worth understanding that today we're expecting a giant amount of news that'll directly affect the USD, and therefore the XAU. Including the announcement of the ceasefire in the Middle East, as well as GDP, Unemployment Claims, Core Durable Goods and PCE.
It seems to me that the news will be positive for the USD this time, and so Gold will fall, at least a little.
But here's the situation: there are still a few hours until the news, and the bear flag hasn't reached its top yet, so along with the existing short position, I'm opening a cautious long position. 2 active positions are better than 1 during such times:
Opening LONG: 2645
TP: 2655
SL: 2590
I hope that both positions will be successful, so I'm using a fairly small lot and a large SL. Let's follow the news and see what's going to happen.
It's really worth understanding that today we're expecting a giant amount of news that'll directly affect the USD, and therefore the XAU. Including the announcement of the ceasefire in the Middle East, as well as GDP, Unemployment Claims, Core Durable Goods and PCE.
It seems to me that the news will be positive for the USD this time, and so Gold will fall, at least a little.
But here's the situation: there are still a few hours until the news, and the bear flag hasn't reached its top yet, so along with the existing short position, I'm opening a cautious long position. 2 active positions are better than 1 during such times:
Opening LONG: 2645
TP: 2655
SL: 2590
I hope that both positions will be successful, so I'm using a fairly small lot and a large SL. Let's follow the news and see what's going to happen.
交易進行
Let's keep watching!交易結束：目標達成
Target reached, from 2645 to 2655. 12th position is green now!
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