FX.co ★ malamalik | XAU/USD, GOLD

After taking a closer look at the market, I realized that Thursday turned out to be a very productive trading day for me in the gold market. I managed to catch several strong buy positions on the GOLD trading instrument, although in hindsight I probably closed those trades much earlier than I should have. The setups worked well, and the market moved in the expected direction, but I decided to secure profits quickly rather than hold the positions longer. Even so, the experience gave me more confidence in the strategy I have been testing recently. On Friday, I also received another signal later in the day. However, since I had already managed to make a good profit from earlier trades, I decided not to continue trading before the market closed. I preferred to avoid unnecessary risk going into the weekend because unexpected news or sudden volatility could easily ruin both the trade and my mood. Preserving emotional balance is just as important as protecting capital, especially after a stressful trading week. One important detail is that all of these trades were executed on a demo account rather than a real account. The volatility and uncertainty from the previous week made me somewhat nervous, so I decided to focus mainly on practicing and refining my trading system instead of risking real money immediately. While backtesting and trading simulators are useful tools, I still believe that analyzing multiple timeframes in real-time remains challenging, especially when the broader fundamental situation is unclear. Because of this, my main goal recently has been to improve the entry algorithm itself and gain more consistency in execution.

Looking ahead, I hope next week will allow me to achieve positive results on my real account as well. At the moment, my plan is based on the expectation that GOLD will continue its upward movement. Technically, the market appears to have broken out of the descending channel that had been controlling price action earlier this week, which is an encouraging bullish signal. In addition, geopolitical tensions may have eased slightly, especially if Trump’s statements regarding Iran prove accurate. If market sentiment remains stable and the dollar weakens further, gold could continue attracting buyers in the coming sessions.