XAU/USD Trading Before NFP News Friday

6 Eki 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 Eki 2023

Not

Longs only lower.

6 Eki 2023

Not

Shorts only nearer 1883. Awaiting news 1:30 GMT

6 Eki 2023

Not

Here comes NFP news. Be ready

6 Eki 2023

Not

That means setting potential entries and also potential exits.

6 Eki 2023

Not

Holding any long entries

6 Eki 2023

Not

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

6 Eki 2023

Not

Maintaining long bias into next week.

8 Eki 2023

Not

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

9 Eki 2023

Not

Holding longs in gains up to 1880 area.

10 Eki 2023

Not

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

10 Eki 2023

Not

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

11 Eki 2023

Not

Still holding longs will locked in gains.

11 Eki 2023

Not

Move trailing stop up. Way in gains.

11 Eki 2023

Not

Exit for gains, scaling in short 1883

11 Eki 2023

Not

Light entries now. Holding for FOMC.

12 Eki 2023

Not

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

12 Eki 2023

Not

Holding short entries in gains.

12 Eki 2023

Not

Exit for gains on 4H support.

13 Eki 2023

Not

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

13 Eki 2023

Not

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

13 Eki 2023

Not

looking lightly short.

15 Eki 2023

Not

Maintaining short bias. Only new dca entries 1972

16 Eki 2023

Not

Lock in gains on all shorts taken.

16 Eki 2023

Not

Hold off re shorts.

17 Eki 2023

Not

Only light shorts circa 1932, further entries 1972.

18 Eki 2023

Not

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

18 Eki 2023

Not

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

19 Eki 2023

Not

Short bias remains.

19 Eki 2023

Not

Dca shorts applicable,

20 Eki 2023

Not

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

21 Eki 2023

Not

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 Eki 2023

Not

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 Eki 2023

Not

Maintaining careful short bias.

24 Eki 2023

Not

Lock in gains.

25 Eki 2023

Not

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

26 Eki 2023

Not

Short bias remains. Happy to enter here only lightly.

26 Eki 2023

Not

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

27 Eki 2023

Not

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

29 Eki 2023

Not

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

31 Eki 2023

Not

Same focus on risk management. Trade lightly.

1 Kas 2023

Not

Exit shorts taken late, flip extremely lightly long.

3 Kas 2023

Not

Exit longs for gains. Only light short entries persist.

7 Kas 2023

Not

Lock in short gains +30$ move.

7 Kas 2023

Not

Exit shorts for gains.