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  Hey everyone! Gold's weekly RSI is slowly creeping toward the oversold territory at 30! Now is the time for us to start thinking: "Where's the absolute best spot to catch this long?" To share a bit of my perspective, the 3,650–3,670 area looks like a super attractive entry zone. Why is this level so key? Because it's a massive support zone where the weekly 120 MA holds strong right alongside the 0.786 Fibonacci retracement level! Of course, before we get there, we could also test the waters with a light first entry around the trendline sitting just above it. But here’s one super, super important thing to keep in mind! You definitely shouldn't rule out the possibility of a pretty heavy drop coming through. So for this trade, you need to dramatically lower your leverage and play it extra safe . As you all know, this market never lets high-leverage positions slide! Always remember: risk management comes first!

When traders think about profitability, they usually focus on one thing first: returns . How many points did I make today? What is my win rate this week? How many profitable Nasdaq trades did I take? But after a month of trading, some traders notice something strange. They had plenty of winning trades. Their strategy did not seem terrible. Yet their account balance barely moved—or even declined. For active futures traders, especially day traders and scalpers, one of the reasons can be surprisingly simple: Trading costs accumulate every time you enter and exit the market. A commission that looks insignificant on a single trade can become a major expense when repeated dozens, hundreds, or thousands of times. 1. Trading Fees Look Small—Until You Multiply Them At first glance, futures trading fees may not seem like a serious problem. A trader might think: “It is only a few dollars per trade. How much difference can that really make?” The problem is that you do not pay the cost only once. Y...

 Hello? Today, let's look at why I'm keeping a close eye on gold short positions and break it down clearly from a higher timeframe perspective. I usually prefer focusing on bigger timeframes rather than messy lower-tf scalping. So, I've firmly concluded that the gold trend is short, and I plan to look for short entries every time it bounces up. I'll lay out my reasons for betting on a short based on the 20-period moving average. Charts don't need to be complicated—just watching a single moving average properly gives you all the answers. Shall we start with the daily chart? See how it had a clean retest of the 20 MA and then dropped straight down? It's way too early to call the drop over, considering it hasn't even retraced half of that massive previous bear candle. That just shows the momentum is completely gone. Next up is the 3-day chart. Here too, the candles have completely dipped below the 20 MA, and even the 120 MA—which used to hold strong support—is...