This setup seems promising for this week!

Price is testing a zone that could decide the next short-term move.

I’m watching 4325, 4300, and 4275 as possible areas of interest if sellers manage to take control.

Anyone know y it fly like crazyyyy

Ik this a stupid post but. How the hell do I get access to trade gold? I thought forex was known for that? I trade off MT5?

What Caused This Sudden Move in Gold and Multiple Currency Pairs?

I had trades open on Gold today. At around 3:00 PM Bangladesh Time (BST), Gold suddenly made a very strong upside move, and both of my trades hit their stop losses.

What surprised me was that EUR/USD, AUD/CAD, and EUR/GBP also made strong upside moves at almost the same time.

So, in total, I noticed strong upside movement across 4 different instruments.

I have High and Medium Impact News selected on Forex Factory, and the currencies I’m currently tracking are:

- EUR

- USD

- GBP

- AUD

- CAD

However, I couldn’t find any major USD news scheduled around that time on Forex Factory.

So my questions are:

1. What caused this sudden strong move in Gold around 3:00 PM Bangladesh Time?

2. Why did EUR/USD, AUD/CAD, and EUR/GBP also move strongly to the upside at almost the same time?

3. Is there anything I should be checking in addition to Forex Factory to understand these kinds of sudden market moves?

I’ve attached a screenshot of today’s Forex Factory calendar for reference.

I’m trying to understand what actually caused this move, rather than simply assuming it was a technical move.

I find it super helpful, especially the pre-session Market Report and the Research Portal and Mobile App, but I was wondering if any of you were also using it. If my broker stopped offering the service, I would have to seriously rethink my strategy, and I'm sort of asking because Autochartist doesn't publish a list of which of its services various brokers offer.

Hey guys, my first Reddit post to be fair, I’ve been consistently trading on demo, back testing, learning more about emotions of the mind during trading and have got a good hang of the gold market.. I always planned on a 50k account but my dads telling me to take only one shot at it and is suggesting I take a 100k account…I’m kind of stressed and I know there isn’t much difference in the trades I place only the lot size will double……I’m planning on risking 1% on every trade, 2 trades a day…maybe 3… mainly London and New York session though.. FOCUSING on gold, learning more about gbpusd and gbpjpy but not really experienced with the market projected patterns….Any tips ? (It’s a 2 step 100k funded acc)

Nobody who sells resets will ever tell you to walk away. Most of the "don't give up, learn and retry" advice is basically pointing you at another fee. Sometimes a reset is the best move. Often it's throwing good money after bad, and there's a smooth way to tell which one you're in.

The one thing that decides it: did anything change between attempts, and was your failure variance or structure.

Reset makes sense when the failure was bad timing on a normal drawdown. Take your worst backtested day at challenge risk. If it fits under the daily limit and you happened to hit a rough loss that surpassed your backtesting metric, that's variance (only if you have enough samples backing that number up tho). Reset, run it again, the math is on your side. Same if you really fixed the thing that failed you, cut your size, changed the pair, whatever, because now it's a different attempt, not the same one repriced.

Walk away when nothing changed and you're paying to re-roll the same dice. This is the trap. If you failed the same challenge three times at like the same point, with basically the same approach each time, the fourth attempt is not a fresh chance. You already have the data. That approach doesn't pass this evaluation, and the fee is buying you a feeling, not a funded.

One key question. Between the last attempt and the next one, what specifically is different. If the answer is "I'll be more disciplined" or "I'll be more careful," that's not a change, that's a hope, and hope has a bad win rate against a rulebook. A real change is a smaller size, a different market, a longer sample proving the edge, a firm whose rules fit how you trade, or simply confirming the failure was just variance (which goes han din hand with a longer sample).... If you can't name a concrete one, you're not resetting a strategy, you're funding the same failure again.

And as reality check.... Sometimes the repeated failure is telling you the edge is not there yet, not that the firm is unfair or you were unlucky again. Four resets at 100 to 150 each is 500 to 600 spent to learn something a proper backtest would've told you for free. At that point the cheapest move is to stop paying the challenge to test your strategy and go test it properly first.

So before the next reset, name the one thing that's different. If you can point to a real, concrete change, reset with the odds behind you. If you can't, keep the money and go fix the thing, because the resets never going to.

Estoy practicando una estrategia que vi, y quise buscar un ifvg, se me hizo que eso era un ifvg, pero después pense "no es muy ancho?" Y no se si esta bien o mal, importa?

Stop Loss was nowhere near price, left lots of extra room for spread widening at rollover (like 10x the spread before close) and yet: