Trading Journal - XAUUSD (Gold) - 4th to 7th August 2025 Overview: From August 4th to August 7th, 2025, I tracked my trading activities on the XAUUSD (Gold) pair utilizing the M30 period, paying particular attention to technical indicators, entry points, and psychological insights. Indicators Used: Moving Average (MA): A dynamic support/resistance level was represented by a 50-period MA (purple line). This MA was frequently obeyed by price, showing the direction of the trend. Triangle Pattern: A symmetrical triangle formed between 5th and 6th August, suggesting a potential breakout.
Support/Resistance Levels: Additional levels at 3371.770 and 3367.235 were observed, along with key levels at 3376.607 (resistance) and 3353.630 (support). Signals to Buy or Sell: Red downward arrows denoted sale signals or stop-loss (SL) locations, while blue rising arrows suggested purchase possibilities.
Trades Executed: Trade Buy: Entry: 4th August, at ~3370 (near 3371.770 support). Take Profit (TP): Aimed for 3380.840 resistance. Stop Loss (SL): Set at 3367.235. Outcome: Price rose initially but hit resistance at 3376.607, prompting a partial close. Psychology: I felt confident due to the MA support but anxious near resistance. Trade - Sell: Entry: 5th August, after a false breakout above 3376.607. TP: Targeted 3367.235. SL: Placed at 3380.840. Outcome: Price dropped to 3371.770, allowing a profitable exit. Psychology: Relief after the initial breakout failure, though I second-guessed the move. Trade - Buy Limit: Entry: 6th August, limit order at 3353.630. TP: Aimed for 3376.607 breakout. SL: Set at 3349.095. Outcome: Pending Psychology: Patience tested waiting for the breakout; I’m optimistic due to the triangle pattern. Psychology and Discipline: Although overconfidence resulted in early exits, confidence was strong when matching transactions with the MA and pattern breaks. Emotion Management: By adhering to predetermined SL/TP levels, anxiety close to resistance levels was reduced. Learning: Acknowledged the need for improved risk-reward ratios; a 1:2 ratio will be the goal of future deals. Reflection on Analysis: The triangular breakout is crucial. While a decline below 3353.630 might challenge 3349.095, a move over 3376.607 might indicate a positive trend toward 3385.375. Emotional control got better, but Ill work on the time of my entry.
