Take note:This is how i see the market,does not mean this is how the market will play out,different activity my invalidate this analysis,do your own research.
Disclaimer:This is not a Financial advise by any means.
Let me know ur contrary opinion in comment session.βΎοΈ
Weekly analysis on Gold,weey demand was rested(that rectangle) show some impulsive move to the upside but sellers completely absorb all buyer effort to take the market higher,and also invalidate the demand zone,which means buyers at that zone are not as strong as sellers.
The buy reaction from the daily demand we see on friday,is just like a trade to lure more buyers to gather liquidity,then sweep through the efficient zone,heading at least to 3,888
When you set a trade,set entry and TP then u set Sl,the most important part of placing a trade is setting Sl.
A trade either hut TP or hit SL,no 3rd way,just those two ways.
Why do we act surprise or lose our mind when we already know its a 50/50(SL/TP).
Why most people act surprise or get angry includes.
1. Risking more than they should on a trade.
2. Not taking the right trade according to their system.
3. They believe they have to win every trades.
Taking a trade is like flipping a coin,it either a H ead or a Tail.