Gold Spot / U.S. Dollar
Updated

Halloween is over, but the stop loss grim reaper is here!..

1800
Hey Traders,

The recent harsh push to all time highs came about as we saw renewed global tensions, which are becoming ubiquitous in current times.

Rash fear buying came about and prices rose above previous highs. This is why I mentioned so many times last week to DROP YOUR SIZE.

Highs can be broken. Although they are areas in which can note short entries, you need to be able to have enough 'ammo' to short again should you rise higher.

Here's my full breakdown.

Note
No new entries until significant movement or deviation.
Note
IF not already, use Long area (early support for light entries) of 2051.
Note
Light longs applicable.
Note
New new semi longs until a little lower (see higher TF support)
Note
still holding off new longs, price still high overall (long term view)
Note
Exit longs taken lower^
Note
Awaiting NFP. no new entries.
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Ideal long entry on impulse and early rejection of price.
Note
Maintaining long entries.
Note
Still long into this week at early support.
Note
No new longs until much lower (previous PA)
Note
Maintaining longs taken nearer 2000$
Note
Still holding ^ be around for FED.
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How longs back into gains.
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Hold* Exit for gains.
Note
Minor shorts higher up.
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Further shorts.
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Exit for gains pre weekend.
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returning to light short areas.
Note
And looking short.
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Re shorts.
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Holding shorts longer term.
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option of exiting some now, shorting again higher.
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Focusing on higher resistance for re entries. No longs until Risk Averse W support lower.
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Re shorts.
Note
out for gains, looking long.
Note
Exit all for gains, looking short on rejection.
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Exit shorts for gains, looking long.
Note
Exit longs for gains.
Note
Re shorts applicable, key levels at higher TF's hit.
Note
Exit for gains. Re longs much lower Pre 2000s.
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Light re shorts OK.
Note
Further entries (also light) circa 2058
Note
Exit shorts for gains. Looking long circa 1976

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