View On Gold XAU/USD (18 Jan 2021)
Gold had a STRONG STOP HUNT move in the morning and that moves cause traders to stop out from the long positions.
That is why proper risk management is important and learn about it before starting the trading career.
The market can immersivity reward you (or) another way around.
Now, It has covered abit but 1850~1865 region will become difficult resistant.
So, be careful with going long as long as the price couldn't break the region.
Let' see.
DYODD, all the best and read the disclaimer too.
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Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.