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XAUUSD 15M - Levels - End of week!Quick end of week update from us with what to look for in the remainder of the session. We didn't complete the move down into support however, we've got that resistance level market where the price is holding for now. So we would expect this to range a bit now maybe into market close unless there's a late move to close this above the 1900 level on the weekly chart. For now we're not entering any long trades until next week where we would want to see these lower support regions targeted. We'll be back on Sunday with the KOG report. Wishing all our followers and members a great weekend. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
GoldViewFX - 1H CHART UPDATEHey All, We had a buy TP at the top and then price rejected leaving 1884 open, as a TARGET. Our signal gave us an early safe exit before 1884 due to the BENCHMARK identified yesterday (see related post below on how to use this). We were expecting drop and now its playing out perfectly. Having an open Target on the top gives us the confidence to remain buying dips. We will now wait to see if price finds support here at 1854 for a push up or at 1838 before a push up. Will keep you all updated. Please don't forget to hit like, comment and follow. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
XAUUSD 1H - LevelsQuick update for the end of day. We managed to hold support below at the levels we suggested that gave trades an opportunity to go long into the 1814 level as the first target. Well done to those who followed. Now we want to see where we close today. We have a potential level above around 1818-19 where if the price pushed upto in the late session could be an opportunity to short back down into the 1810 and below that 1806 price regions. We're not going to risk anymore trades today as its the end of the day and we prefer to start fresh in the morning. This is only for reference so please use the levels on the charts. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
TRADING PSYCHOLOGY | Common Traps You Must Know 🧠💭💫 Hey traders, Trading psychology plays a very important role in a learning curve of a trader. In this post, we will discuss common biases and traps that every struggling trader is occasionally facing. ⚓️Anchoring Bias People rely too much on a reference point from the past when making a decision for the future - they are "anchored" to the past. Imagine you spotted a great trading opportunity & made a nice profit. Encountering a similar setup in the future you trade it again. It turns out that you lose. Next time - same thing. The setup that initially brought you nice cash refuses to work. Even though the probabilities indicate that the identified pattern produces negative long-term returns, you keep taking that because you are "anchored" to the initial winner. 🙅‍♂️Loss Aversion This is when people go to great lengths to avoid losses because the pain of loss is twice as the pleasure received from a win. You see a great trading setup. You are 100% sure that it will play out. You open a trade and guess what? The market goes in the opposite direction. You can't believe that you are wrong. Instead, you decide to hold your position just a bit more adjusting your stop loss. And again, the market refuses to go in the direction that you projected. It is a vicious cycle that most of the time leads to substantial losses. ✅Confirmation Bias The confirmation trap is when traders seek out the information that validates their opinions and ignores any theory that invalidates them. You spotted a great long opportunity on GBPUSD. Checking the ideas of other traders on TradingView you consider only the ones that confirm your predictions completely ignoring the opposite ones. 👑Superiority Trap Many traders have lost large sums of money in the past simply because they have fallen prey to the mentality of overconfidence. Imagine that you caught a winning streak. You feel like the king of the world. You spend less and less time and reflection on each consequent trading decision that you make, you lose your focus. At some moment the reality kicks in and your gains evaporate. 🐮Herding As a trader, you should execute your own analysis & avoid the temptation to blindly follow the majority. Analyzing a EURUSD chart you make a conclusion that the market is bearish. However, then you see that 90% of the traders are very bullish on TradingView. Instead of following your own analysis, you decide to join the herd. These biases are common and most of the time we fall prey to them unconsciously. The more you self-reflect, the more you analyze your thoughts and actions, it would be easier for you to avoid them. Have your ever fallen prey to these traps? ❤️Please, support this idea with like and comment!❤️
OANDA:XAUUSDEducation
by VasilyTrader
25
XAUUSD 4HrGold , XAU/USD , I hope everyone out there had a good 'New Year's Bash'. Well now let's get back to work. As shared in my previous chart we talked about buying small lots @1785, and I hope you all closed it with insane pips of profit. As we see the precious metal hiked upto 1831 this week. As I have been got cut up partying too I couldn't manage time to share my setup update, but here it is! LETS MAKE SOME SERIOS MONEY! You see the Simple S&R levels, playing out good. We see some opportunity of buying here at 1800-1803, taking profit at 1823. Also we sell if the price escalate below 1800 and we take profit @ 1797 and then if rejected then @1789 which is the next support level. I hope my analysis will be helpful again for my followers and viewers. Please Share if you agree. Be careful with your risk management. Trade safe. Follow to learn and earn. Let's make money all together. CHEERS to this NEW YEAR!
OANDA:XAUUSD
by Europeanbulls
Your Success Formula | What Drives a Big Change 🏔️ Hey traders, There’s a well-known Chinese proverb that says, “A journey of a thousand miles begins with a single step.” The one thing that prevents you from attaining your goal is hidden in your psyche, deep inside your soul. People usually look for shortcuts and want to accomplish their goals in one night. But the thing about long-term goals is that they can not be accomplished in a single day! It’s not like they require one huge, monumental effort to be achieved. The only way you’re going to accomplish something really big and ambitious – the kind of goal that will transform your life forever – is by consistently taking one small step at a time in the direction of your dreams. The importance of small incremental steps should be recognized by everyone, life is full of challenges, ups, and downs, but one should not lose hope or give up during the process. Failure should be considered as a learning point, an opportunity for growth. Be ready for a journey of thousand miles this year. Be ready to meet the chaos and unknown. That is the only way to evolve and be better. Remember that nothing is impossible to achieve unless you decide to do it at all costs. Do you agree with this quote? ❤️Please, support this idea with like and comment!❤️
COINBASE:BTCUSDEducation
by VasilyTrader
21
XAUUSD (GOLD) | Forecast of movement in beginning year 2022Hello guys, First of all, HAPPY NEW YEAR 2022. Time passes so quickly. Many things happen in 2021, and the world still got an impact on corona virus, and this influences all of us a lot. But I have confidence, at a time in this year, this corona effect will decrease and then the world can adapt to it and move on. And regarding this, I am still thinking gold is under a transition phase from bullish to bearish like what happened in August 2011- March 2013. Gold now is ranging between 1680.30-1876.4. And it can last for months. In another word, gold will come to bearish but not fast as you can think. It takes time. And in the period of a range-bound market of gold, if we do not act carefully, we won't have any advantage of it at all. In my warm regards as a start of our journey in 2022, I made a forecast based on the Ichimoku concept. You must remember that this is not my advice to you do that and this. All of this is my interpretation when reading a chart, so, I do not take any responsibility for people's actions regarding their thoughts when reading my writings. Okay, let's start. Scenario 1 : Gold will go to 1680.3 around 21 February 2022. After that, it will rebound around that support 1680.3 and test 1876.4 around 25 April 2022. This scenario makes sense to me since the gold as I said still under a range-bound market. And though gold now seems bullish in the intraday chart, it will test major resistance around 1831, and sellers can attack around this number and drop gold down again. Scenario 2: Gold will try to move up and breakout resistance 1876.4. But then after it rises up for a while, it will come back again to the new support 1876.4 around 21 February 2022. In this scenario, I am talking about how gold will undergo a bullish trend. And this also makes sense for me, because I see a changing movement in H4 below now. Gold breakout 1813.8 and still showing impulsive movements till the end of last week. And this impulsive move can continue later. And develop to another bullish trend later. Overall, whatever scenario happen in market, as traders we should prepare ourselves. So, good luck in your journey in 2022, the year of dream and vision.
SAXO:XAUUSD
by Jee_D