longIn my previous analysis, I still saw a sell at 2725 and it looks like a temporary buy entry is possible. Because we need to pull back the high of today's candlestick.
GOLD trade ideas
Hellena | GOLD (4H): Long to area of 2726.976.Friends, it's been pretty hard lately to draw waves on a gold chart and I realize that not everyone likes it, but I'm trying to be objective.
The downtrend has not been confirmed and at this point it means that a five-wave upward movement is expected to complete.
I expect that the correction will be completed in the middle-order wave “2” (2640 area), then we will see the beginning of the wave “3”.
But it is also possible that wave “1” will continue and then the correction will be a little later - this is a risky entry.
In both cases I expect to reach the area of 2726.976.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
DeGRAM | GOLD retest of the resistanceGOLD is in an ascending channel between the trend lines.
The price is moving from the lower boundary of the channel and dynamic support, which previously acted as a rebound point.
The chart maintains an ascending structure.
We expect the growth to continue in the channel.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
XAUUSD M30Gold Analysis
The current market conditions appear uncertain, with limited clarity and reduced predictability due to various factors. Additionally, the upcoming events on Monday, such as Trump's initiatives, add to the complexity. However, as a professional, it’s my duty to provide an analysis that may assist those who kindly follow my work.
It seems likely that the price will continue its upward move toward the 2740 level within the highlighted zone on the chart.
Given the market’s dynamic nature, this analysis may require updates soon. Follow me to stay updated on any revisions!
The Four Horsemen of Trading: Overcoming the Emotional Pitfalls
Investing and trading are often viewed as purely logical activities. Many assume that success in the markets depends solely on mastering data, charts, and economic theories. However, the reality is that emotions frequently play an outsized role in influencing decisions, often to the detriment of traders. In his 1994 classic I nvest Like the Best, James O'Shaughnessy described the four common psychological pitfalls that derail investors: fear, greed, hope, and ignorance. These "Four Horsemen of the Investment Apocalypse" are as relevant today as ever, especially in the new market conditions and uncertanty.
Let’s explore each of these emotional pitfalls in detail, understand their impact, and discuss strategies to overcome them.
________________________________________
1. Fear: The Paralyzing Grip of Uncertainty
Fear is perhaps the most immediate and visceral emotion traders experience. It manifests in two primary ways: the fear of losing money and the fear of missing out.
Fear of Losing Money
This fear often causes traders to exit positions prematurely, robbing them of potential profits. For instance, a trader may close a trade the moment it moves slightly against them, even if their analysis indicates a high likelihood of eventual success. This behavior stems from a deep-seated aversion to loss, amplified by the memory of past trading failures.
Fear of Missing Out
FOMO drives traders to enter markets impulsively, often at inopportune times. Seeing a rapid price increase can tempt traders to jump in without proper analysis, only to be caught in a reversal.
How to Overcome Fear
• Develop a Plan: A solid trading plan with predefined entry, exit, and stop-loss levels helps remove the uncertainty that fuels fear.
• Focus on the Process: Shift your attention from individual trade outcomes to the consistency of following your strategy.
• Accept Losses as Part of Trading: View losses as a natural and manageable aspect of trading rather than personal failures.
________________________________________
2. Greed: The Endless Pursuit of More
Greed is the counterbalance to fear. It drives traders to seek excessive gains, often at the expense of sound decision-making. Greed clouds judgment, leading to overleveraging, chasing unrealistic profits, and deviating from planned strategies.
Examples of Greed in Trading
• Moving profit targets further as a trade approaches them, hoping for larger gains.
• Ignoring exit signals in anticipation of an extended rally, only to watch profits evaporate.
• Taking on larger positions than risk management rules would typically allow, driven by overconfidence.
How to Overcome Greed
• Set Realistic Goals: Establish achievable profit targets based on market conditions and your trading strategy.
• Stick to Risk Management Rules: Never risk more than a predetermined percentage of your trading account on a single trade.
• Practice Gratitude: Recognize and appreciate the profits you’ve made instead of constantly chasing more.
________________________________________
3. Hope: Holding Onto Losing Trades
Hope is a double-edged sword in trading. While optimism can keep traders motivated, unchecked hope often leads to poor decisions. Traders driven by hope may hold onto losing positions far longer than they should, convinced that the market will eventually "come back." This refusal to cut losses can result in significant drawdowns.
The Danger of Hope
Hope clouds rational judgment. Instead of objectively assessing the market’s signals, hopeful traders anchor their decisions on a desired outcome. This emotional attachment to trades often leads to ignoring stop-loss levels or adding to losing positions, compounding the damage.
How to Overcome Hope
• Use Stop-Loss Orders: Always set stop-loss levels when entering a trade and stick to them without exception.
• Detach Emotionally from Trades: View trades as probabilities, not certainties. Focus on long-term outcomes rather than individual results.
• Review Performance Regularly: Regularly assess your trading performance to identify patterns of hopeful decision-making and correct them.
________________________________________
4. Ignorance: Trading Without Knowledge
Ignorance is the foundational pitfall that enables fear, greed, and hope to thrive. A lack of knowledge or preparation often leads traders to make uninformed decisions, increasing the likelihood of costly mistakes.
Manifestations of Ignorance
• Entering trades based on rumors or tips without independent analysis.
• Failing to understand market dynamics, such as how economic events impact prices.
• Overestimating the predictive power of a single indicator or strategy without considering the broader context.
How to Overcome Ignorance
• Invest in Education: Learn about trading strategies, technical analysis, risk management, and market fundamentals.
• Stay Informed: Keep up with economic news, market trends, and industry developments.
• Practice in Simulated Environments: Use demo accounts to refine your strategies and gain experience before risking real capital.
________________________________________
Combating the Four Horsemen: A Holistic Approach
To succeed in trading, you must address all four horsemen simultaneously. Here’s a comprehensive strategy to help you stay disciplined:
1. Create a Detailed Trading Plan: A well-thought-out plan acts as a roadmap, reducing the influence of emotional decisions.
2. Implement Strict Risk Management: Set clear rules for position sizing, stop-loss levels, and profit targets to minimize the impact of fear and greed.
3. Keep a Trading Journal: Record every trade, including the rationale behind it, the emotions you felt, and the outcome. Reviewing this journal helps you identify and correct emotional patterns.
4. Develop Emotional Awareness: Practice mindfulness to recognize when emotions are influencing your decisions, and take a step back when necessary.
5. Seek Continuous Improvement: Trading is a skill that requires ongoing refinement. Stay curious, learn from your mistakes, and adapt to changing market conditions.
________________________________________
Final Thoughts
The Four Horsemen—fear, greed, hope, and ignorance—are ever-present challenges for traders. By recognizing these emotional pitfalls and implementing strategies to mitigate their impact, you can make more disciplined and objective decisions. Success in trading is not just about mastering the markets; it’s about mastering yourself. Approach each trade with preparation, detachment, and a commitment to continuous learning, and you’ll be well on your way to conquering these formidable adversaries.
XAUUSD SELLDear Traders,
I wanted to inform you that I am planning to take a short position on gold. Both technical and fundamental factors are strongly supporting this move right now.
Recent news, such as the signing of agreements between countries to stop bombings, is a key development that could stabilize the markets. This, in turn, is expected to lead to a decline in the price of gold. This aligns perfectly with the technical signals we are seeing, making the short position on gold a good opportunity.
Additionally, I will be taking a second short position to improve the risk-reward ratio further. By scaling in, we can optimize the potential returns while managing the risk more effectively.
Stay focused and monitor the markets closely. Best of luck with your trades!
Best regards,
Sam Pironi
XAU/USD : Gold Surges Above $2700: Volatility Looms! (READ)By analyzing the gold chart on the 4-hour timeframe, we see that, as anticipated, the price experienced another strong rally, breaking above $2700. Today, gold reached $2711 before encountering a bearish order block, triggering a correction. Currently, it is trading around $2703.
With key reports like Retail Sales and Unemployment Claims ahead today, gold is expected to see heightened volatility. Given the current momentum, further correction is likely. The first corrective target for gold is $2698.5, with subsequent targets to be updated in future analyses. Stay tuned!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Gold prices look ripe for an upward moveGold prices have triggered an ascending triangle pattern with a target of $2862. The pattern will remain in play if the price trades above today's low of $2703.
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XAUUSD (GOLD) FORECAST (READ CAPTION).📊Hello Dear Traders XAUUSD (Gold) Forecast Here Check it Now And Must Share your precious Feedback in Comments Section.
📊 XAUUSD (Gold) is Running near to the Resistance Zone at 2690 I am expecting Further Bullish movement in Gold .
📊Technical Analysis:
📈Resistance Levels: Gold is currently testing key resistance levels at $2697.5 and $2698. A break above these levels could indicate further upward movement.
📉Support Levels: On the downside, support levels are observed at $2664 and $2663 providing potential entry points for buyers.
✅ Retracement Zone: Gold can Retrace to given Area of 2685-2684 then it can again Go Bullish.
🎯Technical Targets Are .
2720-2730-2740 Here you can Focus .
🚀 Boost & Like Must Share your Feedback in Comments.
GOLD TODAY'S EXPECTED MOVEIn this analysis we are focusing on 2H time frame for finding the upcoming moves and changes in Gold price. So let's see what's happens and which opportunity market will give us.
Make sure Bearish confirmation must important, when you execute your trade.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis or prediction.
Feel free to share your thoughts on this in the comments below. I’d love to hear your reflections.
#XAUUSD 2H Technical Analysis Expected Move.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Following on from the initial KOG Report we've not done too badly managing to plot the path for the move and jump on board with it over the week. Yesterday we wanted that pullback into the 2685-90 region to continue with the bias and the bias levels which didn't hit exactly but the move continued and we've completed all of our targets for the week.
Now, again we're a bit high, so if you're looking for trades the only option is to wait for the pull back, or for those on the boxes and scalping, look for a reversal from above, if not broken, support has flipped 2710!
For us, a great week on the gold and the rest of the markets, we'll be taking it easy tomorrow.
KOG’s Bias for the week:
Bullish above 2650 with targets above 2700✅, 2706✅ and above that 2716✅
Bearish on break of 2650 with targets below 2640 and below that 2635
RED BOXES:
Break above 2690 for 2700✅, 2703✅, 2706✅, 2710✅ and 2724✅ in extension of the move
Break below 2680 for 2667, 2665, 2655 and 2640 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
This is an update on our 1H CHART route map shared on Sunday. This chart has been playing gout perfectly.
We started the week with the retracement range test followed with the bounce into our bullish target 2691. EMA5 cross and locked above 2691 opening 2706 and 2719. This was hit perfectly today completing this range.
We are now looking for ema5 lock above 2719 to open the range above for a continuation or failure to lock above will follow with a rejection here.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2691 - DONE
EMA5 CROSS AND LOCK ABOVE 2691 WILL OPEN THE FOLLOWING BULLISH TARGET
2706 - DONE
POTENTIALLY 2719 - DONE
EMA5 CROSS AND LOCK ABOVE 2719 WILL OPEN THE FOLLOWING BULLISH TARGET
2736
BEARISH TARGETS
2679 - DONE
EMA5 CROSS AND LOCK BELOW 2679 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2668 (DONE) - 2654
EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE SWING RANGE
SWING RANGE
2640 - 2624
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold under Buying pressure as expectedAs discussed throughout my yesterday's session commentary: "Technical analysis: Mixed signals regarding the Intra-day direction on Gold where Price-action entered Neutral belt of #2,700.80 - #2,727.80 on Daily chart where the sequence leans more to the Bullish side, while Weekly (#1W) and Monthly charts remains critically Bearish. Last week's Bullish motion / attempts was rejected near #2,722.80 - #2,727.80 Resistance belt with DX on Selling sequence which confirmed once again how significant mentioned zone is, as well gives me a hint that Investors are not interested in placing any kinds of serious orders ahead of Trump's inauguration, on another hand, market speculators may push Gold Higher in order to achieve most optimal entry point for their Short positions and that's phenomenon alone adds High Volatility on Gold market. However, I am expecting slow pace Rectangle Trading to continue without any meaningful patterns to Trade by as current Price-action could be more or less stationary, even though DX is Trading comfortably near local High’s."
Technical analysis: As expected the #2,700’s Support Zone (Spot prices) has accumulated necessary Buying force, initially to stop the downtrend (Gold pressured by DX rejected near the Resistance and Bond Yields Trading near Support fractal) and make Gold Trade sideways on Hourly 4 chart however under Buying gradient. With the Daily and Weekly (#1W) charts all with critically Bearish points, it is obvious that there has to be an attempt to ease near Overbought levels of Gold and I shouldn’t exclude Bullish spikes on Gold throughout today’s session. On the Short-term, it is Hourly 1 chart that got my attention that has the most probabilities to meet it’s Bearish Divergence and that will be within #2,742.80 - #2,752.80 - (strong nearby Resistance zone). On an intra-day level if Support (#2,700.80 benchmark) breaks, expect #2,652.80 benchmark to be filled however such scenario has small chances to be met. As I mentioned, these pullback projections will be invalidated once Gold crosses above #2,727.80 Short-term Resistance cluster. Gold may defend the Resistance for a short period of time as I highly doubt the Bearish potential, which means that Bull bias is inevitable.
My position: Gold's reversal chances are now negated with Trump's Tariff speculation which delivered hard blow to DX. I do expect Gold to continue soaring and if #2,727.80 gets invalidated, expect #2,752.80 benchmark to be met. Only #2,700.80 benchmark break-out can revive Sellers interest.
GOLD: Is Gold About to Lose Its Bullish Momentum? Is Gold About to Lose Its Bullish Momentum?
The bullish trend is still intact
From our first analysis on January 6th, gold has unfolded as expected. Currently, gold has reached 2700, a strong psychological level. If the price manages to hold above this zone, the bullish trend may continue.
However, caution is necessary as gold has been rejected several times near 2720, which corresponds to the completion of a larger pattern and a strong structure zone from the past.
You may watch the analysis for further details!
Thank you:)
XAUUSD H4 I Bearish FallBased on the H4 chart, the price is approaching our sell entry level at 2,775.66, which aligns with a strong resistance level and the 161.8% Fibonacci extension and thr 61.8% FIvonacci projection. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 2,747.22, an overlap support level where price may find buying interest.
The stop loss is placed at 2,793.34, above the previous swing high, providing room for price fluctuations while ensuring the bearish setup remains valid
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Traders MindsetLet’s talk about mindset! You hear everyone saying; mindset is the most important in trading. But what is having “the right mindset” ?
Now here is a little secret. Mindset is not just being focused on the money. “I must be profitable”. No. Having the right mindset is having a set of attitudes. Quite literally the definition..
Mindset /ˈmʌɪn(d)sɛt/
noun (usually in singular) the established set of attitudes held by someone.
How you approach the market is very important.
Have a set of rules for yourself.
- Do I have a trading plan? Having a trading plan is important. It helps you follow something day in and day out.
- Do I have good market conditions? Having good market conditions is important as it helps you make more clear decisions. Trading in sideways markets usually ends badly. It forces the trader to become impatient and entering too soon, expecting a breakout to either side usually leads to loses.
- Do I know the risk? Understanding the risk before you enter the trade is important. Majority of traders over-leverage, meaning they use high leverage thus being able to open higher lot size positions. That usually leads to blown accounts. Knowing what you are risking, eliminates a lot of the emotions.
- Do I have any confirmations? Whether that’s a break, a pullback, fundamentals supporting your view that’s great! Having confirmations on your analysis or trade is important.
- Is this trade forced? Am I being nervous before entering? Am I not sure? Am I gambling on this trade? Understanding your emotions is important. Ever felt like this when you opened a trade, knowing you shouldn’t and it instantly went against you? Avoid these trades.
One more thing I would like to add. Ever been stuck to your screen 24/7? Lost sleep over a trade. Here is a fact. You watching the chart, won’t change its path. Sad truth. There is nothing wrong with following your trade, but if you are watching your losing trade, then I already know where it leads. You do too. Avoid this. Going back to the #1 rule. Know your risk before entering. Eliminate emotions.
Having the right mindset is following your own rules and having a set of habits. Habits that help you to grow as a trader. Eliminate bad habits. Review your past trades. You all know why you lost a trade. But will you look for an excuse? “Ah the market did a liquidity sweep” or “market is manipulated”. The market is never wrong. You as a trader are.
Don’t celebrate wins or mourn loses on your account. Treat it as your full time job. You have some good days, you have some bad days. You win, you move on. You lose, you move on. As long as you are following the trading plan, you will succeed.
Understanding this, combined with experience will grow you as a trader. And guess what the by product of this is? Money.
So don’t focus on money. Focus on self-growth, mindset, experience and upgrading your skillset of trading. Money will be the byproduct of your journey.
Create your mindset plan. A set of rules for yourself. Try doing it for 30 days. Come back to this post and tell us if you have improved.
Nothing or no one is stopping you from being a successful trader but yourself. It’s not the market and no it’s not the broker.
Majority of traders quit after blowing a few accounts. The rest stick around for years but make no progress. Only a few % of them actually find the meaning behind it and succeed.
What’s the secret? Signals? Prop Firms? Account managers? EA’s? No. Sure all these things can benefit you slightly. But what truly is the secret to being successful in trading?
You! You are the secret. Understanding yourself, your emotions, your reactions to certain events. Trading is a mirror of you. An amplified picture of you. Are you impatient? Scared? Nervous? Greedy? Forex will amplify those emotions.
The biggest battle you have to win is the battle with yourself. Not the market.
Trading is easy, you have a trading plan, you stick to it. Sometimes you may have a loosing week, happens right? But as long as you are sticking to your strategy, understanding the market, using a positive R:R and understanding the importance of consistency you should be fine. But here is the hard part. Your reactions. Your emotions.
Let’s take for example NFP Data release. Weeks or even months of progress can be wiped out due to irrational decisions during news. Don’t be that trader. Suppress your emotions, don’t get greedy. Take a jab at the market, but only after the data is out.
Remember, no one is stopping you from being a successful trader, but yourself.
A key element added to a traders mindset is PATIENCE .
patience /ˈpeɪʃns/
(noun) - the capacity to accept or tolerate delay, problems, or suffering without becoming annoyed or anxious.
That’s the definition of patience. Trading is a stressful field. Not only does your analysis have to be on point, you have to be focused, have a trading plan, use proper risk to reward ratio… so many factors and then comes the patience. We already know that the market always provides unexpected problems. It plays with our emotions, ranges, does not move, goes against us etc.
How many times have you entered in a position and the price started to range, while you float in loss? You start doubting, you get scared and you close the position. Or even worse, you get stopped out. Later in the day you check the chart and you see your Take Profit (TP) would have been hit, but only if you were more patient?
Or how many times have you had an A+ setup, everything was going to plan but you closed it early because you wanted to secure the profit?
Being a good trader is hard, but it’s not impossible. Discipline is everything as well as patience. Without patience you are bound to lose.
From talking to many people, you would be surprised at how many of them want to “flip” their account. “Do you think I can make 2000$ this week” with 1000$ in their account.
We will always advocate for patience. Playing the long game. Consistency + patience will get you far.
Check some of the last trades you did. Were you patient? Ask yourself. Majority can find themselves in these stories.
Work on your patience, and you will get far.
For example, check out this long-term analysis on XAUUSD (Gold) posted on January 9th. Now we did close it earlier, but we still managed to secure +500 pips (50$ price action) in 3 days of holding. Patience.
This post was made due to a high request of people liking our minds, so it has all been posted in a single educational post.
FxPocket
BULL ALERT CONFIRM SIGNAL FOR NEW WEEK!You see Gold is so close to break the level of FVG if Gold want to push back so this FVG is valid gold just retest and Pull back and mark new ATH.
If Gold break this FVG level then you see Gold fall more till 2750 supply zone and then we see Gold mark new ATH.
There are two possible way for Long gold in this Week.
Target of this week 2800 and next target is 2850 Gold is so crazy to pump again.
GOLD : Consolidation with Bearish Breakout Gold Technical Analysis
The price reached our bearish target of 2739, as anticipated in yesterday's analysis, starting from 2758.
Currently, there is potential for the price to touch 2747 before resuming a downward movement. If a 15-minute candle closes below 2739, the price is likely to drop further, targeting 2731 and 2722.
For now, the movement range remains between 2739 and 2756 until a breakout occurs.
A breakout above 2759 will likely drive the price higher, targeting 2773 and 2787.
A sustained 1-hour candle close below 2739 will confirm further bearish movement.
Key Levels:
Pivot Point: 2739
Resistance Levels: 2756, 2773, 2787
Support Levels: 2731, 2722, 2706
Trend Outlook:
Bullish Trend if break above 2759
Bearish Trend if a 1-hour candle closes below 2739
Previous idea:
GOLD XAUUSDIt's Monday, and I won't be opening positions today.
Globally, after the upward momentum and the historic highs, we are now in a sideways move, either a correction before another move up to 3000+ or a top formation. I like the first option better.
Locally
However, we can see that we have broken the resistance line but are coming back under it to gather liquidity from those who trade resistance line breakdowns. I'm looking at the yellow box above, which shows the liquidity we will take after a minor correction.
Best regards EXCAVO
$XAUUSD: Gold firing on all cylindersSeems like OANDA:XAUUSD triggered a weekly up trend again, you can see it has been trending up strongly since I called the long term trend in Gold would take place a while back (see related ideas). Trump's ideas regarding inflation and rates might influence the Federal Reserve's actions going forward, perhaps the market is pricing this in now.
Historically, precious metals move in correlation to real interest rates, that is, inflation adjusted interest rates. At times, Gold might be affected by broad scale deleveraging at times of market stress, since it acts as collateral for many investors, or it might be bought as a hedge for geopolitical risk. In normal periods, real rates influence price the most.
Best of luck!
Cheers,
Ivan Labrie.
The Highest Place To Sell Gold And Get 500 Pips Very Clear !Now the price are moving to upside without any correction , so i`m waiting the price at the highest place we can sell from it , it was a very good res area and it forced the price to go down very hard , so it`s my fav and last place to sell gold and i`m targeting 500 pips target at least !
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold Trade Plan 22/01/2025Dear Traders.
i have 2 Scenarios for Gold
Scenario 1 : Pullback To 2713-2725 and Make New ATH ,
Scenario 2 : Break 2713-2725 ----> Target 2640 - 2600
If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
UNEMPLOYEEMENTCLAIM NEWS IMPACT ON GOLD WILL GO FOR LONG?For now you look a daily chart time frame and see the resistance level break with good potential so now we wait for retest the zone where resistance break.
RETEST the level and you go with sniper shot with the target of 400 pips and gold is overall BULL trend and there is news impact today also and the news forecast is clearly says GOLD will pump again.
TARGET: BUY side target first we set 2765 and then we need good potential for buy from here so our next target is 2780.
if news is good for currency so you may see gold will fall and again rests the level area but now forcast is not good for currency so GOLD will pump at NY session
