Gearing Up Gold Pre NFP..

4 août 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 août 2023

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Price dripping PRE News.

Do not GUESS news.

4 août 2023

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

4 août 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 août 2023

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Feel free to ask Qs below

4 août 2023

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

4 août 2023

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

4 août 2023

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PS . early exits on scalp shorts appropriate.

4 août 2023

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Holding light shorts into Monday.

7 août 2023

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

8 août 2023

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

8 août 2023

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

9 août 2023

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

9 août 2023

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Well underway to next key support zone.

10 août 2023

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Fall continues as predicted. NO LONGs.

11 août 2023

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

12 août 2023

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Still awaiting longs further down into monday session.

14 août 2023

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