XAU/USD Trading Before NFP News Friday

6 באוק׳ 2023

Hey Traders,

As XAUUSD falls we can look at new long zones.

Reflecting off higher time frames is crucial and if you look Monthly you can see price action / rejection circa 1803.

We Previously looked at gold in my last Editors Pick:

Coming off from these highs and managing new entries is so important.

Looking for swing moves up nearer 1880 area.

Oh and be patient. Never rush in on large falls and overleverage or it can hurt very badly.

6 באוק׳ 2023

הערה

Longs only lower.

6 באוק׳ 2023

הערה

Shorts only nearer 1883. Awaiting news 1:30 GMT

6 באוק׳ 2023

הערה

Here comes NFP news. Be ready

6 באוק׳ 2023

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That means setting potential entries and also potential exits.

6 באוק׳ 2023

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Holding any long entries

6 באוק׳ 2023

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Later longs taken lock in gains, earlier longs taken hold for swings.

6 באוק׳ 2023

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Maintaining long bias into next week.

8 באוק׳ 2023

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This is not new longs ^ just held longs from the previous week

9 באוק׳ 2023

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Holding longs in gains up to 1880 area.

10 באוק׳ 2023

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Still holding longs, lock in gains via local support SL.

10 באוק׳ 2023

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Make sure you have locked in gains pre fed mins tomorrow.

11 באוק׳ 2023

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Still holding longs will locked in gains.

11 באוק׳ 2023

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Move trailing stop up. Way in gains.

11 באוק׳ 2023

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Exit for gains, scaling in short 1883

11 באוק׳ 2023

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Light entries now. Holding for FOMC.

12 באוק׳ 2023

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Any longs you should be out of. Further shorts now.

12 באוק׳ 2023

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Holding short entries in gains.

12 באוק׳ 2023

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Exit for gains on 4H support.

13 באוק׳ 2023

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very light re shorts. Would not be suprised if we RE reach 1916.

13 באוק׳ 2023

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Sentiment is with Gold bulls. Hold off and trade light (nothing heavy amid sentiment)

13 באוק׳ 2023

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looking lightly short.

15 באוק׳ 2023

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Maintaining short bias. Only new dca entries 1972

16 באוק׳ 2023

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Lock in gains on all shorts taken.

16 באוק׳ 2023

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Hold off re shorts.

17 באוק׳ 2023

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Only light shorts circa 1932, further entries 1972.

18 באוק׳ 2023

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Remaining short from 1932. No new adds until significantly higher.

18 באוק׳ 2023

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Consider making shorts far lighter on dca entries amid current sentiment of markets.

19 באוק׳ 2023

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Short bias remains.

19 באוק׳ 2023

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Dca shorts applicable,

20 באוק׳ 2023

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Lesser sizes, spaced sizes and eyes on news very much recommended. Do not overleverage and/or fall in love with entry.

21 באוק׳ 2023

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If you are shorting into Monday;

Remember the price high and returning to highs. It is a short on a technical bias.

Market sentiment is pulling it up and fast. Do not make an enormous entry and pretend it can’t go higher. It can and many times it will when you least expect.

23 באוק׳ 2023

הערה

I repeat. Risk MUST be managed in time like this. There is strong MKT sentiment and it can be dangerous. Do not be suprised if price rallies higher. If you are going to trade, trade lightly and trade sparingly.

24 באוק׳ 2023

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Maintaining careful short bias.

24 באוק׳ 2023

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Lock in gains.

25 באוק׳ 2023

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Re shorts above highs. Shorts are OK at the moment but must be very small.

26 באוק׳ 2023

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Short bias remains. Happy to enter here only lightly.

26 באוק׳ 2023

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Make sure you keep an eye on market sentiment. It changes and you need to aswell.

27 באוק׳ 2023

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Light shorts now, any further entries way into highs and very light. Risk remains.

29 באוק׳ 2023

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Gold higher as expected. Still following same protocol to control risk. Would not be shocked if we get higher. Short bias only remains.

31 באוק׳ 2023

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Same focus on risk management. Trade lightly.

1 בנוב׳ 2023

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Exit shorts taken late, flip extremely lightly long.

3 בנוב׳ 2023

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Exit longs for gains. Only light short entries persist.

7 בנוב׳ 2023

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Lock in short gains +30$ move.

7 בנוב׳ 2023

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Exit shorts for gains.