Diupdate

XAUUSD TA: Full Naked Chart Trading At New Long Entry Zones

Hey Traders,

I've covered gold a lot of times previously as we let it crumble further.

This is due to weak price action zones and further negative MKT sentiment.

To get better entries you need strong rejection in the market (causing a reversal).

Here is where we are looking to get to.

Trade small always.

Catatan

Longs lower only. Pardon my Gym clothes.

Catatan

Do not be a FOMOer especially PRE news. Just let things roll out.

Catatan

Be around in 1HR. Might help a little. Remember do NOT guess the news ever in your trading career.

Catatan

NOTE, there are two traders right now:

1. If you are looking for impulse scalp gains you are still at a technical long zone and you could be very lightly long for fast exits.

2. If you are a risk averse / swing trader, 1870 holds stronger Price Action / Rejection and is more ideal.

Be one or the other or indeed both.

Catatan

Exit scalp longs.

Catatan

Still far too early to short.

Catatan

Further news tomorrow that can shake markets. Keep an eye out for updates.

Catatan

NOTE how all impulse longs have been rejected = still no clear longside bias.

Catatan

Still seeing minor upside bias. Further news today to dictate.

Catatan

This is why you have to be very careful with longside entries.

Currently there is not enough impetus to drag gold down immediately. Hence the teetering. Just wait. Trading and patience go hand in hand for a reason :)

Catatan

Impetus may come from FED Minutes today.

Catatan

Market mood confirms above bias.

Catatan

FED Minutes in 3hrs 30. Not a time to be away from screens.

Catatan

Gold still trickling down. Do not rush in PRE news and please do NOT guess and be a self proclaimed economist. It hurts.

Catatan

No real reaction but still no upside move as expected. Awaiting risk averse zones circa 1870

Catatan

Although no clear effect on GOLD, there is still an influx of underlying sentiment.

Looking ahead for more. Pre planned longs still remain.

Catatan

Dripping further as planned. Still not long.

Catatan

No enormous US news events but underlying negative sentiment may help continued fall (entries pre weekend)

Catatan

So make sure you take note of this trading lesson, often occurring with assets like gold.

There is nothing major shoving it down. There is a running out short bias after the significant sustained fall from highs. That is why we start to scale in with a measured risk only when absolutely appropriate.

Catatan

Also feel free to check your daily. Does that tiny green candle look pretty?

Catatan

And also, you do not have a high enough PB too short. So do not short.

Catatan

PS You'd need atleast 1925^

Catatan

Looking ahead to next week for extended falls. Have a great weekend yall.

Catatan

Prepare for market open and position management.

Catatan

Slight negative sentiment creeping into markets. Awaiting reaction later.

Catatan

Jackson hole next week May Provide sentiment also a date to note.

Further updates to come RE price action / movement tomorrow.

Catatan

Updated bias: Longs (lightly 1872), further entries (or first entry for lesser risk traders @ 1857.

Catatan

No reshort entries until 1926

Catatan

More market news tomorrow.

Likely we will need a larger news event to spark a move either 1856-1872 or indeed 1926.

Hold tight until either is ultimately reached.

Catatan

Still too early to short, waiting for news today for pot impetus:

Catatan

Bias Changed ^ 1936 for Shorts initially.

Catatan

Still holding off shorts on news.

Catatan

As Jackson Hole Symposium draws nearer, its a good idea to be very much ready.

Catatan

Eyes on news today. Updates to come.

Shorts : 1936 + 1972

Longs : 1857

Catatan

Confusion bar printed... Remaining OFF until levels hit. ^

Catatan

No real long term sentiment hint due to comments,

If you are not scalping it is still ok to be out. Being out does not mean you are losing money, you’ll always be able to trade gold at some point.

Catatan

Ideally at Key PA zones aforementioned^

Catatan

A new week with various key news events.

Keep your head down and eyes on price movement.

Market is 'deciding'. Always a crucial time.

Catatan

Shorts entered at 1934

Catatan

Great Tech short zone on impetus as mentioned. Merits very light entries. Further @ 1972 are appicable.

Catatan

Maintaining short bias pre news. Check ADP emp

Catatan

Shorts ideal circa 1937-1942 AND also 1972-1982. Two levels and two optional positions.

Catatan

Remember, within new moves you often have various levels of entry.

The first entries are inherently higher risk as they are of lower retracement.

Latter are the opposite.

You do not NEED to trade both, but if you are going to your risk must be scaled accordingly. It is far better to pick several points than just one.

Catatan

Maintaining short bias Pre news today and tomorrow before end of week.

Catatan

NFP news out, still holding short entries. Further DCA planned if we get nearer 1972+

Catatan

Not a great time to buy as you still do not have any market value. Likely PREV long zones may provide minor bounces - Long term TGT for new entries to the long still still remains much lower.

Catatan

Exit any shorts held for gains.

Catatan

Holding off longs until much further 1860 Area.

Catatan

Bounce currently looking very weak (lower TFs) as expected.

Catatan

Low but not low enough. Follow the above^

Catatan

Still waiting for long zones.

Catatan

Very, very light scalp shorts available.

Catatan

Hold off any major shorts.

Catatan

Still holding off any real major shorts. Weak PA persists and we are awaiting key news.

Above all, do not guess the news. Just wait and see.

Catatan

Still holding off pre fed. Looking 1972.

Catatan

Light intraday longs available.

Catatan

Out of all longs previously, you can relong very lightly now. IF risk averse, hold off until aformentioned levels.

Catatan

Any further longs, hold off to risk averse 1858. Needing an news sentiment influx.

Catatan

Market creeping under 1900. I don’t hold enormous weight in current zone. Leaving room for risk averse longs.

Catatan

Looking for further falls.

Catatan

So we are finally at the expected 1872 area. Light longs can be taken, further add 1858.

Catatan

Exit for gains on light bounce. Awaiting further 1858 (risk averse)

Catatan

And gold finally at 1858 area for Re entry as we saw a long while back. Fall anticipated to take us here and now time to catch / look for bounce / change bias.

Catatan

Bounce exactly off from 1858 as determined a long while ago. Maintain locked in gains via trail SL.

Catatan

Exit former DCA long.

Catatan

Re longing lower.

Catatan

And by lower I mean circa 1837. Identifying new TGTs via PA is very, very important. If you cant do it, you do not know what you are looking for.

Catatan

Long entered.

Catatan

Maintaining longs. Any further falls DCA entries planned. Re shorts much higher.

Catatan

DCAs come way into 1700s.

Catatan

1762 Area, Not Re entering yet.

Catatan

If you haven't already got long 1803 is OK. Leave more for 1760

WillSebastian

Free Pro Multi Asset Trading Guide:

bit.ly/learnttm

Free Discord Secret Server:

discord.gg/tXAcxFVCJU

Posts Not financial advice.

Juga di:

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.

WillSebastian

Free Pro Multi Asset Trading Guide:

bit.ly/learnttm

Free Discord Secret Server:

discord.gg/tXAcxFVCJU

Posts Not financial advice.

Juga di: