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Abstract:Powered by WikiFX: (GOLD, EUR/USD, GBP/USD, USD/JPY, ) Technical Analysis May 19, 2023
Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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In the world of equity investing, few forces are as quietly destructive as the investor’s own sense of hope. This psychological trap often known as the "illusion of luck" convinces retail investors that they are among the fortunate few who can defy market logic. More often than not, it ends in losses, disillusionment, and a harsh lesson from the market.
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Technical analysis is the go-to toolkit for countless investors. Candlestick patterns, moving averages, MACD signals, Elliott Waves—you name it, there’s a chart or model for it. Many spend years perfecting their craft, poring over price patterns and back testing strategies. Yet, despite all this effort, a large number still lose money. The reason? It’s not the tools as they’re merely instruments. It’s the human behind them that falters. In particular, wishful thinking and emotional bias often sabotage disciplined execution.