XAUUSD/Gold: Why You Should Be Short At Historical Highs

1 dic 2023

Hey Traders,

As FED news and comments comes across the wires we can see further buying of gold.

As the saying goes, 'Buy low, sell high' This is one of those times where its great advice.

This buying, as you have seen previously, frequently ends with liquidation from investors and a falling market ebentually.

That does not mean it cannot break the highs, it just means you need to be trading at a size which caters for it. Gold has broken highs practically forever, so its better to be a shorter on the larger falls, rather than guessing when it will get longer.

This is evident of the last 3 X tries.

So here's why I am short biased in a simple format.

1 dic 2023

Nota

Holding short bias.

2 dic 2023

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Check any influential sentiment over the weekend. Short bias remains going into this week. Lots to see for the next. Be Ready.

2 dic 2023

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Also, spend this weekend looking at what your drawdown / equity overall will look like, should we get 2100, 2130, 2170 and so on. It can happen. Nonetheless, bias remains short. A higher price is only more shortable.

3 dic 2023

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Brace for Monday market open. Lots to come.

4 dic 2023

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And there you have the art of the market maker and why you do not use stops. Exiting at early support flipping very very tiny long.

4 dic 2023

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Teeny longs applicable early exits.

4 dic 2023

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Looking for 2080 Exit Longs and RE shorts

4 dic 2023

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Light Longs OK.

4 dic 2023

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No new entries until Higher TF support (long)

7 dic 2023

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Exit longs for minor gains.

8 dic 2023

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Further longs.

11 dic 2023

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Out ALL shorts. Continuing long bias.

13 dic 2023

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Out of all longs for gains.

14 dic 2023

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And turning short :)

22 dic 2023

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Same plan. Re shorts.

22 dic 2023

Nota

Short biased.

3 gen 2024

Nota

early 2024 - short bias.

5 gen 2024

Nota

Continued short bias. Lock in some gains. No new longs until circa 2013