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Account - Lot Size (Max Layer) $50 - 0.01 (3 layer) $100 - 0.01 (5 layer) $500 - 0.05 (5 layer) $1000 - 0.10 (5 layer) Money Management and PROTECT YOUR CAPITAL.

Mentality

Hit $3080 What a week

You must realistic expectation when it comes to trading. Most people don't have a realistic expectation of trading. Especially for newbie (including me). They assumed they could take a weekend course, master a few chart patterns, and then start generating an income from the markets. But, here the truth : Trading requires a professional skillset just like doctors, engineers, lawyers, etc. You don't graduate from medical school after weekend course or become an engineer by learning a few mathematical formulas. There's a steep learning curve involved and you need time to gain proficiency (at least a few years or more). Anf it's the same for trading. You don't become a trader just by memorizing a few patterns, setups, etc. Yes, you could make money from clicking the mouse, but, there is more to it that goes on behind the scenes (like developing edge, risk management, position-sizing, etc) So, give yourself time to learn how to trade. Don't look shortcuts. Don't try to get rich quick. And don't think you could quit your job soon.

Despite a higher US Dollar (USD) and profit-taking ahead of the weekend, gold prices continue to fall for the second day in a row, but they are still on course to conclude the week in positive territory. XAU/USD is down 0.81% at $3,013 right now. Although US stocks are reversing their previous losses, market mood is still cautious. The US Dollar index is moving up to 104,05, a 0.24% advance, but bullion remains defensive as the USD regains pace. Prior to tax regulation in early April 2025, gold prices are in short-term downward trend in the H1 frame, adjusting at the end of March. Technically, pinpoints the crucial places as follows, based on the gold price's resistance and support zones as shown by the H1 frame. Resistance : $3057 ; $3080 Support : $2982 ; $2910 Risk disclaimer : Please be advised that i am not telling anyone how to spendon invest your money. Take of all my analysis as my opinion, as education, and at your own risk. I assume no responsibilty or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis.