XAU/USD Trading Strategy | Shorting At Highs

Nov 7, 2023

Hey Traders,

Here's a full rundown of where I am putting gold markets at the moment.

Market sentiment is changing continually via global tensions and updates via the FED regarding rate rises.

All of this feeds into markets and it is your job to see where and how people are trading it based on the price at the time and reflecting on history.

Watch for more.

Nov 7, 2023

Note

Lock in short gains. No new entries until moves seen either way.

Nov 7, 2023

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Exit shorts for gains as we approach early PA zones.

Nov 8, 2023

Note

Short gains taken, if you had any longs, also ideal to exit. Only looking reshort around and above prev highs.

Nov 8, 2023

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Exit shorts looking to RE long circa 1953 as a bias.

Nov 8, 2023

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Almost there. Strong into prev resistance.

Nov 9, 2023

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Light longs.

Nov 9, 2023

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Exit for gains.

Nov 10, 2023

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Light longs only lower under prev areas.

Nov 10, 2023

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Looking lightly long at next layer of PA

Nov 10, 2023

Note

Long bias (light)

Nov 11, 2023

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Remember, always, do NOT buy highs.

Nov 13, 2023

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Holding light long bias, would not be surprised if we drip nearer key tech zones circa 1923

Nov 13, 2023

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Lock in gains.

Nov 14, 2023

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Data coming soon likely to dictate. Stay posted.

Nov 14, 2023

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Exit all longs.

Nov 14, 2023

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Light shorts.

Nov 15, 2023

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1978 at latest. No re entry unless higher than high.

Nov 15, 2023

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Exit any shorts.

Nov 16, 2023

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Re short light.

Nov 16, 2023

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No new shorts until above prev highs.

Nov 17, 2023

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This is circa 2050^

Nov 20, 2023

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Exit shorts. Only short circa prev highs and higher and light.

Nov 21, 2023

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No new entries.

Nov 21, 2023

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Light entries applicable only on Entry conf lower TFS.

Nov 22, 2023

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Make it light. Only new entries a bit higher circa 2045

Nov 22, 2023

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Exit for minor gains, only re shorts much higher.

Nov 23, 2023

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Maintaining bias, although, if preferred, light shorts are OK.

Nov 24, 2023

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Maintaining shorts into todays news and onto weekend.

Nov 25, 2023

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Remember, never load up. You do not know how high, you can only take value on huge rises (like now)

Nov 26, 2023

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Short into mon.

Nov 27, 2023

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Maintaining short bias as week progresses. No further entries planned until back into raving highs (long stretched long term wicks).

Nov 28, 2023

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Same as above^ there is still room no signif PA.

Nov 28, 2023

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Allowing further for rampant price.

Nov 28, 2023

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Looking for entry conf and shorts.

Nov 28, 2023

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Shorts now preferred.

Nov 30, 2023

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no large news effect. Still maintaining bias short.

Nov 30, 2023

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no exits until lower (W Support)

Dec 1, 2023

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Further maintain short entries.

Dec 12, 2023

Note

Exit ALL shorts. Only minor longs.