XAUUSD/Gold: Why You Should Be Short At Historical Highs

1 gru 2023

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.

1 gru 2023

Uwaga

Holding short bias.

2 gru 2023

Uwaga

Check any influential sentiment over the weekend. Short bias remains going into this week. Lots to see for the next. Be Ready.

2 gru 2023

Uwaga

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.

3 gru 2023

Uwaga

Brace for Monday market open. Lots to come.

4 gru 2023

Uwaga

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.

4 gru 2023

Uwaga

Teeny longs applicable early exits.

4 gru 2023

Uwaga

Looking for 2080 Exit Longs and RE shorts

4 gru 2023

Uwaga

Light Longs OK.

4 gru 2023

Uwaga

No new entries until Higher TF support (long)

7 gru 2023

Uwaga

Exit longs for minor gains.

8 gru 2023

Uwaga

Further longs.

11 gru 2023

Uwaga

Out ALL shorts. Continuing long bias.

13 gru 2023

Uwaga

Out of all longs for gains.

14 gru 2023

Uwaga

And turning short :)

22 gru 2023

Uwaga

Same plan. Re shorts.

22 gru 2023

Uwaga

Short biased.

3 sty 2024

Uwaga

early 2024 - short bias.

5 sty 2024

Uwaga

Continued short bias. Lock in some gains. No new longs until circa 2013