Gearing Up Gold Pre NFP..

٤ أغسطس ٢٠٢٣

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)

٤ أغسطس ٢٠٢٣

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Price dripping PRE News.

Do not GUESS news.

٤ أغسطس ٢٠٢٣

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

٤ أغسطس ٢٠٢٣

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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.

٤ أغسطس ٢٠٢٣

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Feel free to ask Qs below

٤ أغسطس ٢٠٢٣

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

٤ أغسطس ٢٠٢٣

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

٤ أغسطس ٢٠٢٣

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PS . early exits on scalp shorts appropriate.

٤ أغسطس ٢٠٢٣

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Holding light shorts into Monday.

٧ أغسطس ٢٠٢٣

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

٨ أغسطس ٢٠٢٣

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

٨ أغسطس ٢٠٢٣

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

٩ أغسطس ٢٠٢٣

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

٩ أغسطس ٢٠٢٣

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Well underway to next key support zone.

١٠ أغسطس ٢٠٢٣

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Fall continues as predicted. NO LONGs.

١١ أغسطس ٢٠٢٣

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

١٢ أغسطس ٢٠٢٣

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Still awaiting longs further down into monday session.

١٤ أغسطس ٢٠٢٣

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