darth.stocks
Long

Nothing but just a Bull Flag: continue long XAUUSD

FX:XAUUSD   Gold / U.S. Dollar
195 3 7
Stochastics show that we had a buy signal...
Still anything can happen
snapshot
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Excellent post!
I'm goldbullish too but was honestly prepaired for a possibly violent but short-timed correction right here. So far that has not happened and your kind of proposed correction seems more likely per the hour. Maybe the trendpressure upwards is to strong for a real correction to occur? In that case the next up-movement can be expected to be stronger than after a more regular correction phase. Thus I have reduced my hedge with 50%
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I think one should not be to bullish till COT Report... It exited the narrow pitchfork trend channel, so a "reorientation" break is quite normal. It seems that a steeper channel is currently created (I hope...).
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