UPDATE - ENTRY XAUUSD SUPPLY ZONE - We have now entered the trade. We will hold it and if stopped out no big deal! Risking 1% of our account!
Trade closed: stop reached
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Stop loss hit! we are down 1%. No big deal. Correct risk management is key. Plenty of more opportunities to come and many more trades to place and win! Keep it simple - mindset is everything.
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So now we can see what has happened and what went wrong on our trade yesterday. We can see how price pushed up through the zone to gather more liquidity. The price faked out through our zone, trapped the buyers and reversed. Nothing to worry about - only a 1% loss. IF he had a higher stop loss we could have managed to stay in it. 1925.00 was a key level for gold.