Gearing Up Gold Pre NFP..

4 באוג׳ 2023

Hey Traders,

NFP Friday is back and traders are awaiting data after recent negative US Sentiment..

For a long time I've spoke about gold slowly falling amongst this change in sentiment.

You will have also (hopefully) been looking short off the highs and taking value on entries.

Bias still remains on an expected fall circa 1870 level (Second DCAs circa 1850+).

However it is too late to short, much higher impulse needed to take us back to pre-determined short zones.

Keep eyes out on news and trade small as always (diversify if possible)

4 באוג׳ 2023

הערה

Price dripping PRE News.

Do not GUESS news.

4 באוג׳ 2023

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And that means do not clarify yourself as a future teller nor Economics professor. Just use simple logic.

4 באוג׳ 2023

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Likely you may teeter PRE news for tiny scalp longs. If you are advanced / comfortable you can trade this or stick to prev mentioned rules / areas.

4 באוג׳ 2023

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Feel free to ask Qs below

4 באוג׳ 2023

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Less than 1HR to go and markets are steadying. Watch for reaction and set orders for entries / exits

4 באוג׳ 2023

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1. Immediate PA present Teeny tiny Scalp Shorts. Otherwise hold off far higher. LARGE impulse move required.

4 באוג׳ 2023

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PS . early exits on scalp shorts appropriate.

4 באוג׳ 2023

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Holding light shorts into Monday.

7 באוג׳ 2023

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Out of shorts for gains. Not entering new longs unless significant fall.

8 באוג׳ 2023

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Current PA zone long is not ideal awaiting further large falls (news sentiment needeD)

8 באוג׳ 2023

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Gold Fallen for scalp longs. Risk averse traders await 1872 as mentioned.

9 באוג׳ 2023

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Stumbling through. Scalp longs OUT. Looking for larger fall (or rise) just something in a far better position.

9 באוג׳ 2023

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Well underway to next key support zone.

10 באוג׳ 2023

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Fall continues as predicted. NO LONGs.

11 באוג׳ 2023

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still at minor long zones (poor PA). let market breathe until strong PA levels higher Tfs.

12 באוג׳ 2023

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Still awaiting longs further down into monday session.

14 באוג׳ 2023

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Gold still looking unstable. Holding off long bias remains. Do not short you have no pop.