XAU/USD Trading Before NFP News Friday

6 Okt 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 Okt 2023

Catatan

Longs only lower.

6 Okt 2023

Catatan

Shorts only nearer 1883. Awaiting news 1:30 GMT

6 Okt 2023

Catatan

Here comes NFP news. Be ready

6 Okt 2023

Catatan

That means setting potential entries and also potential exits.

6 Okt 2023

Catatan

Holding any long entries

6 Okt 2023

Catatan

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

6 Okt 2023

Catatan

Maintaining long bias into next week.

8 Okt 2023

Catatan

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

9 Okt 2023

Catatan

Holding longs in gains up to 1880 area.

10 Okt 2023

Catatan

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

10 Okt 2023

Catatan

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

11 Okt 2023

Catatan

Still holding longs will locked in gains.

11 Okt 2023

Catatan

Move trailing stop up. Way in gains.

11 Okt 2023

Catatan

Exit for gains, scaling in short 1883

11 Okt 2023

Catatan

Light entries now. Holding for FOMC.

12 Okt 2023

Catatan

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

12 Okt 2023

Catatan

Holding short entries in gains.

12 Okt 2023

Catatan

Exit for gains on 4H support.

13 Okt 2023

Catatan

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

13 Okt 2023

Catatan

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

13 Okt 2023

Catatan

looking lightly short.

15 Okt 2023

Catatan

Maintaining short bias. Only new dca entries 1972

16 Okt 2023

Catatan

Lock in gains on all shorts taken.

16 Okt 2023

Catatan

Hold off re shorts.

17 Okt 2023

Catatan

Only light shorts circa 1932, further entries 1972.

18 Okt 2023

Catatan

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

18 Okt 2023

Catatan

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

19 Okt 2023

Catatan

Short bias remains.

19 Okt 2023

Catatan

Dca shorts applicable,

20 Okt 2023

Catatan

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

21 Okt 2023

Catatan

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 Okt 2023

Catatan

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 Okt 2023

Catatan

Maintaining careful short bias.

24 Okt 2023

Catatan

Lock in gains.

25 Okt 2023

Catatan

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

26 Okt 2023

Catatan

Short bias remains. Happy to enter here only lightly.

26 Okt 2023

Catatan

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

27 Okt 2023

Catatan

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

29 Okt 2023

Catatan

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

31 Okt 2023

Catatan

Same focus on risk management. Trade lightly.

1 Nov 2023

Catatan

Exit shorts taken late, flip extremely lightly long.

3 Nov 2023

Catatan

Exit longs for gains. Only light short entries persist.

7 Nov 2023

Catatan

Lock in short gains +30$ move.

7 Nov 2023

Catatan

Exit shorts for gains.