When 80% of retail traders set EUR/USD stop-losses at 1.0850, market makers have an incentive to briefly push the price higher, triggering their stops. One platform was exposed for widening the spread to 15 pips five minutes before the London opening, swallowing up stop-loss orders. Protective strategy: Avoid setting stop-losses within ±3 pips of a round number; instead, use a combination of limit orders and trailing stops.#SharingTradingMistakesAndGrowth#BrokerEvaluation#BrokerEvaluation

When 80% of retail traders set EUR/USD stop-losses at 1.0850, market makers have an incentive to briefly push the price higher, triggering their stops. One platform was exposed for widening the spread to 15 pips five minutes before the London opening, swallowing up stop-loss orders. Protective strategy: Avoid setting stop-losses within ±3 pips of a round number; instead, use a combination of limit orders and trailing stops.#SharingTradingMistakesAndGrowth#BrokerEvaluation#BrokerEvaluation

Today's sell-off raises the possibility of a break below the Fibonacci support level of 97.859, which could serve as a trigger for an acceleration in the downside. The next major target is the low of 97.109 set on July 24.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

Today's sell-off raises the possibility of a break below the Fibonacci support level of 97.859, which could serve as a trigger for an acceleration in the downside. The next major target is the low of 97.109 set on July 24.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

The pound rose 0.4% to $1.34805. Earlier UK labor market data showed continued weakness in the job market, but resilient wage growth, a development that may make the Bank of England cautious about cutting interest rates. The Australian dollar fell 0.3% to $0.64945 after the Reserve Bank of Australia cut interest rates by 25 basis points as expected. ANZ Bank predicts another rate cut is likely in November.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

The pound rose 0.4% to $1.34805. Earlier UK labor market data showed continued weakness in the job market, but resilient wage growth, a development that may make the Bank of England cautious about cutting interest rates. The Australian dollar fell 0.3% to $0.64945 after the Reserve Bank of Australia cut interest rates by 25 basis points as expected. ANZ Bank predicts another rate cut is likely in November.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

Forex analyst Fawad Razaqzada analyzed in a report that if the Fed continues to cut rates, the interest rate differential between the US dollar and high-yielding currencies will rapidly narrow, putting pressure on the US dollar exchange rate. For gold, a weaker dollar means that gold becomes cheaper when denominated in other currencies, stimulating demand from international buyers. The global market saw its largest increase since October, but overall, it did not see a significant upward trend.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Forex analyst Fawad Razaqzada analyzed in a report that if the Fed continues to cut rates, the interest rate differential between the US dollar and high-yielding currencies will rapidly narrow, putting pressure on the US dollar exchange rate. For gold, a weaker dollar means that gold becomes cheaper when denominated in other currencies, stimulating demand from international buyers. The global market saw its largest increase since October, but overall, it did not see a significant upward trend.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The US Consumer Price Index (CPI) rose 0.2% month-over-month and 2.7% year-over-year in July, largely in line with market expectations but slightly below some economists' forecasts. This data, following a 0.3% increase in June, showed signs of easing inflationary pressures. In particular, the core CPI (excluding food and energy) rose 0.3% month-over-month and 3.1% year-over-year, the largest increase since January, but overall it did not show a significant upward trend.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The US Consumer Price Index (CPI) rose 0.2% month-over-month and 2.7% year-over-year in July, largely in line with market expectations but slightly below some economists' forecasts. This data, following a 0.3% increase in June, showed signs of easing inflationary pressures. In particular, the core CPI (excluding food and energy) rose 0.3% month-over-month and 3.1% year-over-year, the largest increase since January, but overall it did not show a significant upward trend.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Spot gold saw slight gains in early Asian trading, currently trading around $3,351.15 per ounce. On Tuesday (August 12), gold prices edged higher, closing up 0.16% at $3,348.02 per ounce. This seemingly calm fluctuation stemmed from the benign performance of the latest US inflation data, which not only maintained expectations of a September rate cut by the Federal Reserve but also triggered a weakening dollar, a correction in bond yields, and a record stock market rebound.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Spot gold saw slight gains in early Asian trading, currently trading around $3,351.15 per ounce. On Tuesday (August 12), gold prices edged higher, closing up 0.16% at $3,348.02 per ounce. This seemingly calm fluctuation stemmed from the benign performance of the latest US inflation data, which not only maintained expectations of a September rate cut by the Federal Reserve but also triggered a weakening dollar, a correction in bond yields, and a record stock market rebound.#SharingTradingMistakesAndGrowth#BrokerEvaluation

On the upside, a successful break above the 1.1700 resistance level could open up targets at 1.1750, 1.1800, and the year's high of 1.1829.#SharingTradingMistakesAndGrowth#BrokerEvaluation

On the upside, a successful break above the 1.1700 resistance level could open up targets at 1.1750, 1.1800, and the year's high of 1.1829.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Technically, the EUR/USD pair hit a high of 1.1697 this week, just shy of the 1.1700 mark, but upward momentum briefly stalled.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Technically, the EUR/USD pair hit a high of 1.1697 this week, just shy of the 1.1700 mark, but upward momentum briefly stalled.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The probability of a 25 basis point interest rate cut by the Federal Reserve at its September 16-17 meeting has reached 91%. Meanwhile, the European Central Bank (ECB)'s policy path shows significant divergence, with a 94% probability of maintaining interest rates in September and only a 9% chance of a 25 basis point cut. This policy divergence continues to dominate the euro's medium-term trend against the dollar.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The probability of a 25 basis point interest rate cut by the Federal Reserve at its September 16-17 meeting has reached 91%. Meanwhile, the European Central Bank (ECB)'s policy path shows significant divergence, with a 94% probability of maintaining interest rates in September and only a 9% chance of a 25 basis point cut. This policy divergence continues to dominate the euro's medium-term trend against the dollar.#SharingTradingMistakesAndGrowth#BrokerEvaluation

This week’s forex trades went well—patience and timing really paid off. Always learning and improving every session. 🚀 #Forex #TradingExperience

This week’s forex trades went well—patience and timing really paid off. Always learning and improving every session. 🚀 #Forex #TradingExperience

Combined with the K-line entity closing below the middle track for a series of times, the short-term rebound is more likely to be a retracement of 3370-3379 rather than a sudden reversal of the structure. If 3346.97 is effectively broken through and closed below it, technically it will open up space for retesting around 3344.52; on the contrary, if it can effectively recover 3370.00 and stand firm on the middle track, it will be considered a phased correction of the downward rhythm.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

Combined with the K-line entity closing below the middle track for a series of times, the short-term rebound is more likely to be a retracement of 3370-3379 rather than a sudden reversal of the structure. If 3346.97 is effectively broken through and closed below it, technically it will open up space for retesting around 3344.52; on the contrary, if it can effectively recover 3370.00 and stand firm on the middle track, it will be considered a phased correction of the downward rhythm.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

Monday's sentiment framework can be summarized as: "risk aversion cooling + interest rate support". On the one hand, the "tail risk premium compression" brought about by diplomatic issues has pushed funds to risky assets, and the safe-haven elasticity of gold has been passively weakened; on the other hand, the high probability of an interest rate cut in September has not changed, and the "upper anchor" of the interest rate terminal is still there, suppressing the speed of gold's deep decline. The momentum indicators are resonantly bearish. The DIFF -9.43/DEA -7.15 of MACD are both below the zero axis and the opening is widening. The bar value of -4.56 indicates that the downward momentum is still being released, and there has not yet been a credible "bottom divergence" prototype; RSI (14) is near 33.48, in the weak range of 30-40, close to the "oversold edge" but not to the extreme.

Monday's sentiment framework can be summarized as: "risk aversion cooling + interest rate support". On the one hand, the "tail risk premium compression" brought about by diplomatic issues has pushed funds to risky assets, and the safe-haven elasticity of gold has been passively weakened; on the other hand, the high probability of an interest rate cut in September has not changed, and the "upper anchor" of the interest rate terminal is still there, suppressing the speed of gold's deep decline. The momentum indicators are resonantly bearish. The DIFF -9.43/DEA -7.15 of MACD are both below the zero axis and the opening is widening. The bar value of -4.56 indicates that the downward momentum is still being released, and there has not yet been a credible "bottom divergence" prototype; RSI (14) is near 33.48, in the weak range of 30-40, close to the "oversold edge" but not to the extreme.

From a cross-asset perspective, gold has maintained a negative correlation with the DXY recently, while its correlation with the US Treasury term spread has strengthened during event windows. #PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

From a cross-asset perspective, gold has maintained a negative correlation with the DXY recently, while its correlation with the US Treasury term spread has strengthened during event windows. #PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

Key intraday levels are clear: the structural level below the previous high at 3385.22 and the horizontal pivot at 3370.00 form the first upper resistance band. A pullback to the middle band would create a negative gap between 3378.97 and the lower edge of the upper band, creating a negative bullish environment. Support lies below the lower Bollinger band at 3346.97 and the recent low at 3344.52. The earlier step low at 3358.15 was broken, indicating upward short-term supply pressure.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

Key intraday levels are clear: the structural level below the previous high at 3385.22 and the horizontal pivot at 3370.00 form the first upper resistance band. A pullback to the middle band would create a negative gap between 3378.97 and the lower edge of the upper band, creating a negative bullish environment. Support lies below the lower Bollinger band at 3346.97 and the recent low at 3344.52. The earlier step low at 3358.15 was broken, indicating upward short-term supply pressure.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

After forming a double high at 3405.05/3408.71, the price has been declining steadily. The middle Bollinger band at 3378.97 was effectively broken below, turning into resistance. The latest candlestick chart is trading close to the lower Bollinger band at 3346.97, with the band significantly wider than previously, indicating a trending downtrend rather than simple sideways fluctuations.#SharingTradingMistakesAndGrowth

After forming a double high at 3405.05/3408.71, the price has been declining steadily. The middle Bollinger band at 3378.97 was effectively broken below, turning into resistance. The latest candlestick chart is trading close to the lower Bollinger band at 3346.97, with the band significantly wider than previously, indicating a trending downtrend rather than simple sideways fluctuations.#SharingTradingMistakesAndGrowth

Moving averages are an important technical indicator of forex trading. They help smooth out the currency pair’s price movement over time. It helps you spot general price trends. For the unversed, these averages are created by averaging out the closing price of the currency pair over a specified number of sessions. As a trader, you can create a moving average of five days, 20 days, or the period you wish. Types of Moving Averages There are many types of moving averages with different average calculation methodologies. However, the most popular ones are simple moving averages and exponential moving averages.

Moving averages are an important technical indicator of forex trading. They help smooth out the currency pair’s price movement over time. It helps you spot general price trends. For the unversed, these averages are created by averaging out the closing price of the currency pair over a specified number of sessions. As a trader, you can create a moving average of five days, 20 days, or the period you wish. Types of Moving Averages There are many types of moving averages with different average calculation methodologies. However, the most popular ones are simple moving averages and exponential moving averages.

In terms of risk appetite, strengthening global equities are also reducing gold's appeal. Last Friday, the Nikkei 225 closed up 1.85%, with futures approaching all-time highs. European markets opened higher on Monday before fluctuating and shedding some ground.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

In terms of risk appetite, strengthening global equities are also reducing gold's appeal. Last Friday, the Nikkei 225 closed up 1.85%, with futures approaching all-time highs. European markets opened higher on Monday before fluctuating and shedding some ground.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

Descending interest rates and a lower discount factor are supporting the medium-term valuation of gold, an interest-free asset.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

Descending interest rates and a lower discount factor are supporting the medium-term valuation of gold, an interest-free asset.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

Interest rates are providing a buffer for gold prices. CME FedWatch shows that the market is pricing in a solid 88% probability of a 25 basis point rate cut in September. Concerns about cooling growth and a weakening labor market have hindered the dollar and U.S. Treasury yields from strengthening. The DXY hovered near a two-week low, remaining above 98.00. On the U.S. Treasury market, the 10-year yield approached 4.262% on Monday, while the 30-year yield fell to 4.825%, halting its previous upward trend.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

Interest rates are providing a buffer for gold prices. CME FedWatch shows that the market is pricing in a solid 88% probability of a 25 basis point rate cut in September. Concerns about cooling growth and a weakening labor market have hindered the dollar and U.S. Treasury yields from strengthening. The DXY hovered near a two-week low, remaining above 98.00. On the U.S. Treasury market, the 10-year yield approached 4.262% on Monday, while the 30-year yield fell to 4.825%, halting its previous upward trend.#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

With growing expectations for diplomatic action to ease tensions between Russia and Ukraine, stabilizing and strengthening equity markets, and fading safe-haven demand, gold has entered a new week of retreat. The latest hourly chart price is 3,354, a stark contrast to the previous highs of 3,405.05 and 3,408.71, suggesting a short-term trend of "downward break, weak rebound, and further bottoming."#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth

With growing expectations for diplomatic action to ease tensions between Russia and Ukraine, stabilizing and strengthening equity markets, and fading safe-haven demand, gold has entered a new week of retreat. The latest hourly chart price is 3,354, a stark contrast to the previous highs of 3,405.05 and 3,408.71, suggesting a short-term trend of "downward break, weak rebound, and further bottoming."#PathToAgentGrowthBreakthrough#SharingTradingMistakesAndGrowth