XAUUSD/Gold: Why You Should Be Short At Historical Highs
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.
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.
Catatan
Holding short bias.Catatan
Check any influential sentiment over the weekend. Short bias remains going into this week. Lots to see for the next. Be Ready.Catatan
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.Catatan
Brace for Monday market open. Lots to come.Catatan
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.Catatan
Teeny longs applicable early exits.Catatan
Looking for 2080 Exit Longs and RE shortsCatatan
Light Longs OK.Catatan
No new entries until Higher TF support (long)Catatan
Exit longs for minor gains.Catatan
Further longs.Catatan
Out ALL shorts. Continuing long bias.Catatan
Out of all longs for gains.Catatan
And turning short :)Catatan
Same plan. Re shorts.Catatan
Short biased.Catatan
early 2024 - short bias.Catatan
Continued short bias. Lock in some gains. No new longs until circa 2013
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.