Gearing Up Gold Pre NFP..

4 Agu 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 Agu 2023

Catatan

Price dripping PRE News.

Do not GUESS news.

4 Agu 2023

Catatan

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

4 Agu 2023

Catatan

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 Agu 2023

Catatan

Feel free to ask Qs below

4 Agu 2023

Catatan

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

4 Agu 2023

Catatan

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

4 Agu 2023

Catatan

PS . early exits on scalp shorts appropriate.

4 Agu 2023

Catatan

Holding light shorts into Monday.

7 Agu 2023

Catatan

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

8 Agu 2023

Catatan

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

8 Agu 2023

Catatan

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

9 Agu 2023

Catatan

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

9 Agu 2023

Catatan

Well underway to next key support zone.

10 Agu 2023

Catatan

Fall continues as predicted. NO LONGs.

11 Agu 2023

Catatan

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

12 Agu 2023

Catatan

Still awaiting longs further down into monday session.

14 Agu 2023

Catatan

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