XAU/USD Trading Before NFP News Friday

6 ott 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 ott 2023

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Longs only lower.

6 ott 2023

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Shorts only nearer 1883. Awaiting news 1:30 GMT

6 ott 2023

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Here comes NFP news. Be ready

6 ott 2023

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That means setting potential entries and also potential exits.

6 ott 2023

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Holding any long entries

6 ott 2023

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

6 ott 2023

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Maintaining long bias into next week.

8 ott 2023

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

9 ott 2023

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Holding longs in gains up to 1880 area.

10 ott 2023

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

10 ott 2023

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

11 ott 2023

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Still holding longs will locked in gains.

11 ott 2023

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Move trailing stop up. Way in gains.

11 ott 2023

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Exit for gains, scaling in short 1883

11 ott 2023

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Light entries now. Holding for FOMC.

12 ott 2023

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

12 ott 2023

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Holding short entries in gains.

12 ott 2023

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Exit for gains on 4H support.

13 ott 2023

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

13 ott 2023

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

13 ott 2023

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looking lightly short.

15 ott 2023

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Maintaining short bias. Only new dca entries 1972

16 ott 2023

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Lock in gains on all shorts taken.

16 ott 2023

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Hold off re shorts.

17 ott 2023

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Only light shorts circa 1932, further entries 1972.

18 ott 2023

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

18 ott 2023

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

19 ott 2023

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Short bias remains.

19 ott 2023

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Dca shorts applicable,

20 ott 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 ott 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 ott 2023

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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 ott 2023

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Maintaining careful short bias.

24 ott 2023

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Lock in gains.

25 ott 2023

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

26 ott 2023

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Short bias remains. Happy to enter here only lightly.

26 ott 2023

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

27 ott 2023

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

29 ott 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 ott 2023

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Same focus on risk management. Trade lightly.

1 nov 2023

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Exit shorts taken late, flip extremely lightly long.

3 nov 2023

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Exit longs for gains. Only light short entries persist.

7 nov 2023

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Lock in short gains +30$ move.

7 nov 2023

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Exit shorts for gains.