Risk rules for gold news trading start with being flat into tier-one releases at 12:30 and 18:00 UTC, then half position size at a maximum 0.5% risk with stops of $8 to 5 scaled to post-release ATR.
Straddle pending orders are not protection — both legs typically fill during the whipsaw at slipped prices — and guaranteed stops carry a premium that usually exceeds the edge.
An event budget of one trade per release and around four per month caps the whole category at roughly 2% of equity in risk.