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Altairview

GOLD | False breakout of the trendline? 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.
OANDA:XAUUSDLong
by AltairView
GOLD | Fresh heights never hurt nobodyAlright boys and girls, it's all public now. I need to recover from my red square. You can see my reasoning and analysis below: So here's my 5th position: Oppening: 2610 Take profit: 2620 Stop Loss: 2550 For some reason I still think that Gold has no reason to go up. I think that billionaires are manipulating the market to make a fake trend. The bull may be fake! But I still think that there is a high probability that XAU will touch 2620, my stop loss is super far away. It'll be very interesting to see what will happen. Don't use all your bank!
OANDA:XAUUSDLong
by AltairView
GOLD / Are we touching the bottom or flying up?After 2 wins in a row in 'Mind' section, I opened the 3rd position. Let's post here. Here is what I think: Gold price almost touched the bottom of the 6-day bearish trendline. Is there a chance that the price will go up? Sure. But according to my analysis and tools, the price will go down back to 2540 again with a probability of 75%, there is a possibility that it'll go even lower, but I'll take only 150 pips down just to be more confident. To be honest, I think that even if today's news about PPI is positive for gold, gold will still fall. It'll definitely reverse, but it must reach the bottom first. My position: TP at 2540, my stop loss is very far to be on the safe side. Trade safely and let's see what happens! ☕️
OANDA:XAUUSDShort
by AltairView
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