why did I lose money in this trade?

@melody_nk - 3 months ago

Instrument- XAU/USD

Date - 25th March 2026

Session - London

Amount Lost - $30

Direction - Buy

So, yeah, I lost money trading gold around the period with highlighted in white on the chart. I would appreciate your feedback on why you think I lost the trade and what you would have done differently. Please all replies should come with images so it looks sensible.

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@weilo_daniel - 3 months ago

Hi @melody could you show where you entered the trade from ?

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@melody_nk - 3 months ago

@weilo I kept buying at the black arrows where price rejected but each time I did, price came back and I had to close the trades

@weilo_daniel

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@emma_durban - 3 months ago

For a proper investigation we may need to look at the higher timeframes

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@headies25284 - 3 months ago

Gold has been bearish for a while now . Definitely you will get buy trades but they shouldn’t be held for long .

For instance, last week closed with a breakout to the downside on the daily timeframe signaling the sell continuation. I therefore believe it’s wise to keep looking for sell entries until price proves otherwise.

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@melody_nk - 3 months ago

Quoted - headies25284

Gold has been bearish for a while now . Definitely you will get buy trades but they shouldn’t be held for long .

For instance, last week closed with a breakout to the downside on the daily timeframe signaling the sell continuation. I therefore believe it’s wise to keep looking for sell entries until price proves otherwise.

Okay thanks for contributing, still waiting for come people to contribute.

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@headies25284 - 3 months ago

Quoted - melody_nk

Okay thanks for contributing, still waiting for come people to contribute.

You are welcome

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@yokoyi - 3 months ago

Quoted - melody_nk

Instrument- XAU/USD

Date - 25th March 2026

Session - London

Amount Lost - $30

Direction - Buy

So, yeah, I lost money trading gold around the period with highlighted in white on the chart. I would appreciate your feedback on why you think I lost the trade and what you would have done differently. Please all replies should come with images so it looks sensible.

@melody, when trading gold you need to demarcate your charts to show the Asian session range. This will give you a clearer picture of when the Frankfurt session will start. Now you were not wrong to go long when you spotted the bullish engulfing pattern but you would have closed your long trade when price broke out of the pre-franky high (upper ash colored line) and started reversing downward with meaningful momentum.

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@yokoyi - 3 months ago

Quoted - yokoyi

@melody, when trading gold you need to demarcate your charts to show the Asian session range. This will give you a clearer picture of when the Frankfurt session will start. Now you were not wrong to go long when you spotted the bullish engulfing pattern but you would have closed your long trade when price broke out of the pre-franky high (upper ash colored line) and started reversing downward with meaningful momentum.

Please see more details on gold trading strategy here https://www.mytradingland.com/thread/goldusd-2f8eaa/3

@melody_nk

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@melody_nk - 3 months ago

Quoted - yokoyi

@melody, when trading gold you need to demarcate your charts to show the Asian session range. This will give you a clearer picture of when the Frankfurt session will start. Now you were not wrong to go long when you spotted the bullish engulfing pattern but you would have closed your long trade when price broke out of the pre-franky high (upper ash colored line) and started reversing downward with meaningful momentum.

Okay thanks @yokoyi, so I should have looked out for a reversal that had momentum then closed my buy and maybe switched to a sell. But when is the Asian session? what time range?

@yokoyi

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@yokoyi - 3 months ago

Asian session is from midnight till 6 am UTC+1

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