XAUUSD/Gold: Why You Should Be Short At Historical Highs
Hey Traders,
As FED news and comments comes across the wires we can see further buying of gold.
As the saying goes, 'Buy low, sell high' This is one of those times where its great advice.
This buying, as you have seen previously, frequently ends with liquidation from investors and a falling market ebentually.
That does not mean it cannot break the highs, it just means you need to be trading at a size which caters for it. Gold has broken highs practically forever, so its better to be a shorter on the larger falls, rather than guessing when it will get longer.
This is evident of the last 3 X tries.
So here's why I am short biased in a simple format.
As FED news and comments comes across the wires we can see further buying of gold.
As the saying goes, 'Buy low, sell high' This is one of those times where its great advice.
This buying, as you have seen previously, frequently ends with liquidation from investors and a falling market ebentually.
That does not mean it cannot break the highs, it just means you need to be trading at a size which caters for it. Gold has broken highs practically forever, so its better to be a shorter on the larger falls, rather than guessing when it will get longer.
This is evident of the last 3 X tries.
So here's why I am short biased in a simple format.
ملاحظة
Holding short bias.ملاحظة
Check any influential sentiment over the weekend. Short bias remains going into this week. Lots to see for the next. Be Ready.ملاحظة
Also, spend this weekend looking at what your drawdown / equity overall will look like, should we get 2100, 2130, 2170 and so on. It can happen. Nonetheless, bias remains short. A higher price is only more shortable.ملاحظة
Brace for Monday market open. Lots to come.ملاحظة
And there you have the art of the market maker and why you do not use stops. Exiting at early support flipping very very tiny long.ملاحظة
Teeny longs applicable early exits.ملاحظة
Looking for 2080 Exit Longs and RE shortsملاحظة
Light Longs OK.ملاحظة
No new entries until Higher TF support (long)ملاحظة
Exit longs for minor gains.ملاحظة
Further longs.ملاحظة
Out ALL shorts. Continuing long bias.ملاحظة
Out of all longs for gains.ملاحظة
And turning short :)ملاحظة
Same plan. Re shorts.ملاحظة
Short biased.ملاحظة
early 2024 - short bias.ملاحظة
Continued short bias. Lock in some gains. No new longs until circa 2013
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.