EruditesAcademy

EruditesAcademy

Analyzing the daily chart for gold, we observe a well-defined Head and Shoulders pattern. This formation is mirrored on the weekly chart, reinforcing a robust target for a take profit. This alignment suggests a significant price level that gold could reach once the downtrend initiates. The upcoming CPI release has the potential to trigger this move, particularly...

EruditesAcademy

Trading psychology refers to the mental and emotional factors that affect an individual's behaviour and decision-making when trading financial markets. It is the study of how a trader's mindset, emotions, and behavior can impact their trading performance and ultimately, their success. Trading can be a highly emotional and stressful activity, as traders are...

EruditesAcademy

There are so many opportunities in a single pair that one can maximise. The secret is to choose one or two pairs and maximize them. You are not going to miss out on anything. Many traders are psychologically affected by the following: 1. Fear of Missing Out (FOMO). Many think if I focus on only one pair I will miss out on the opportunities from other pairs. No,...