$XAU/USD (XAUUSD.CFD)$ Hi ! remember yesterday when I warned...
Hi ! remember yesterday when I warned you about gold potentially dipping down to the 2320-2316 zone ? Well , tonight could be another interesting ride .
The news about US GDP at 8.30 (Malaysia time) is a wild card . It could definitely strengthen the US dollar , which could put even more downward pressure on gold prices.
Now , I cant predict the future that news could actually turn out to be bullish for gold , you never know !
Thats why Im holding onto my sell order until we hit 2320 . Of course , Im also got a stoploss order in place in case things go the other way .
This is a volatile market and its important to manage your risk .
Here's the bottom line , keep a close eye on the news tonight especially that GDP report . Be ready to adjust your strategy based on what you see .
Even the best analysts cant predict everything , so always trade responsibly . Lets see what gold throws our way tonight !
Stay tuned !
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9+ years trading experience . Can navigate a market crash but still tripping over my crush . 😍🥹😭
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103824105 : I just took a loss on a short pos. Seems like it is being pushed up even bef the GDP release
King Crab OP 103824105 : Im sorry to hear about a loss , Was it during the London session ? Dont worry , keep your head up , Maybe be a dip before it climbs again , Just Maybe . Wait for the news and see what happens.
103824105 : yea. I ll see what the mkt does at 8.30pm.