Most traders don’t fail because their technical analysis is wrong. They fail because their risk management is non-existent. If you want to survive and win in this game long-term, here is the exact risk management blueprint you need to follow.
XAU is currently approaching the end of the Wave 3 cycle, which could potentially mark a major top. Therefore, buying at this stage carries higher risk.
A safer approach is to wait for confirmation to Sell, or wait for the Wave 4 correction to complete and then look for confirmation to Buy. This approach offers a better win rate and Risk-to-Reward Ratio (RRR).