 Again, hi guys, I just wanted to make a quick video on, you know, why fundamentals and this sentiment is important So why you shouldn't really be basing your decisions based just purely on price action alone now a comment Who was that asked me? I think it might have been Jason Who was talking to me a couple days ago about? about buying You know mentioning that the Price of gold was at a supply zone. So, you know, basically is their potential short and my answer at the time was Well, we're in a risk-offing environment. So no, if you know, I mean, we're not we're definitely not looking to You know short this You know pay if I was you know looking to make a decision and You know, it's clear. It's very very clear to see why Nobody should have been shorting here. If you if you don't understand what's going on in the world. Yeah at the moment Yeah, this is what you know price action traders fail to you know Understand yeah, is they're making decisions based off of all right, then well, you know the past the past and you know Resistance or supply or whatever it is It's not every single level of supply or every single level of demand that you must take Yeah, because there are you know price isn't driven by Technical analysis prices driven by sentiment fundamentals liquidity Market manipulations the zero sum game. That's what price is driven by. Yeah, it's not technical analysis. So Right now Yes, you know prices are pretty much making high highs and you know pretty much going parabolic because of what's happening, you know in the world Etc. But Where is the opportunity don't ever FOMO into an opportunity, you know into into price There's always gonna be some price action, you know, it's always gonna be pullbacks It's all gonna be good. It's gonna be traders taking profit, etc So as much as it seems like prices, you know going going gone kind of thing Yeah, and the next the nearest demand zone is pretty much, you know around these areas here what Tends to happen is or what can happen is is this is You know, you get a bit of a pullback take profit day, etc You know where all market manipulations where you may get moved like that, you know producing the bearish candle Prices making new high it runs price making new high. This is obviously seen as a bargain price You know to buy gold and then what you're doing is looking for pullbacks down here like that And then looking for and again as long as risk is off By the way risk has to be still off for you to be buying something like that Or Again, what you may see is move back down like that. Yeah, and then you know some moves up like this and Then you're looking for pullbacks into You know demand zones there and maybe demand zone Right here Yeah, that's what you're that's what you're looking at when it comes to Understanding how to get in you just have to have a bit of patience remember as I was saying this isn't going away anytime soon There are you know threats that you know that are going on You know, you know crazy Trump I don't think that everything is over with my father's martyrdom, you know, so Zainab so Lee Mali said in an address broadcast on state television So there are threats of retaliation No one knows when these retaliations are going to come it could be tomorrow could be next week could be next month And as long as you know, this is in the news and you know people are still raw with the emotion Then there's gonna be you know risk off if you know, I mean, so if you are trading gold and buying gold Why would you really want to be short if you're shorting just because you haven't had a trade in you know a week or two? That's really not the reason to be buying gold. I'm sorry shorting gold You should be really, you know Understanding what goes on beyond the price chart fundamentals a sentiment this price action was not driven because there was a pin bar here Yeah, it's not that this was not gonna reverse because there was supply there. Yeah This was potential value back here Yeah, as far as this is potential expensive area as we know when prices sold off back in September Situations have changed haven't they? Yeah, there's no reason for this to go You know too much shorter, especially when we have risk off in you know in play for example if we had risk on and prices were doing this and everything was you know great in the world then Yes, then that would have been a great short because you know People you know traders would have been more invested in in you know stock the stock market And getting a return on their investments and gold doesn't give a return You know doesn't he doesn't pay any kind of return at all So if prices did something like this and it was risk on then by all means You know look for potential short trades and of obviously as well, you know You've got to look at all the dollars doing and etc. etc. So but that's how you look at the market It's not about looking at price action And looking at the supply demand zones and then try to make a decision based off of that. It's about understanding What's going on behind the scenes? What is driving price of the asset that you're trying to buy and then look to Capitalize so now if you do want to be a buyer of gold just be patient look for pullbacks look for price to create these You know demand zones potentially in the future and then look to get long as long as There are still tensions within you know the market. Yeah. All right guys. Take care and I'll speak to you soon