XAU/USD

Hi, this is NorthRay.😎

For a long time, I looked at charts like abstract art.

Red candles, green candles, lines crawling somewhere across the screen. I understood where the price moved, but I didn’t understand WHY it moved there or WHERE it might go next.

I traded randomly. I clicked Buy because “I feel like it’ll go up.” I clicked Sell because “it seems too high.”

That worked about half the time. Because honestly, both I and my cat could flip a coin.

And then I told myself: “Enough guessing. Time to understand.”

That’s when I started learning technical analysis.

Honestly? I thought it was something complicated and unnecessary.

“Why do I need all these lines and patterns? The market is chaotic. News and crowd emotions decide everything.”

I was wrong.

Yes, news matters. Yes, emotions drive the crowd. But all of that is REFLECTED on the chart. Price doesn’t come out of nowhere. It’s created by the actions of thousands of traders.

And those actions have patterns.

Technical analysis isn’t magic. It’s simply an attempt to find repeating patterns on a chart and use them to make forecasts.

In simple terms:

If every time the price touches a certain level it bounces upward, that’s not a coincidence. It means buy orders are sitting there.

Technical analysis helps identify those levels.🔥

I didn’t try to learn everything at once. I have no goal of becoming a professor.

I decided to master three basic things that, according to experienced traders, cover 80% of a beginner’s needs.

My minimum program:

Support and resistance levels

Trend lines

One confirmation indicator (for me it’s the Stochastic oscillator, which I already wrote about)

That’s it....