GOLD | False breakout of the trendline?

20 Kas

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.

20 Kas

Emir iptal

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!

20 Kas

Not

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 ☕️