XAUUSD TA: Full Naked Chart Trading At New Long Entry Zones
Hey Traders,
I've covered gold a lot of times previously as we let it crumble further.
This is due to weak price action zones and further negative MKT sentiment.
To get better entries you need strong rejection in the market (causing a reversal).
Here is where we are looking to get to.
Trade small always.
I've covered gold a lot of times previously as we let it crumble further.
This is due to weak price action zones and further negative MKT sentiment.
To get better entries you need strong rejection in the market (causing a reversal).
Here is where we are looking to get to.
Trade small always.
Uwaga
Longs lower only. Pardon my Gym clothes.Uwaga
Do not be a FOMOer especially PRE news. Just let things roll out.Uwaga
Be around in 1HR. Might help a little. Remember do NOT guess the news ever in your trading career.Uwaga
NOTE, there are two traders right now:1. If you are looking for impulse scalp gains you are still at a technical long zone and you could be very lightly long for fast exits.
2. If you are a risk averse / swing trader, 1870 holds stronger Price Action / Rejection and is more ideal.
Be one or the other or indeed both.
Uwaga
Exit scalp longs.Uwaga
Still far too early to short.Uwaga
Further news tomorrow that can shake markets. Keep an eye out for updates.Uwaga
NOTE how all impulse longs have been rejected = still no clear longside bias.Uwaga
Still seeing minor upside bias. Further news today to dictate.Uwaga
This is why you have to be very careful with longside entries.Currently there is not enough impetus to drag gold down immediately. Hence the teetering. Just wait. Trading and patience go hand in hand for a reason :)
Uwaga
Impetus may come from FED Minutes today.Uwaga
Market mood confirms above bias.Uwaga
FED Minutes in 3hrs 30. Not a time to be away from screens.Uwaga
Gold still trickling down. Do not rush in PRE news and please do NOT guess and be a self proclaimed economist. It hurts.Uwaga
No real reaction but still no upside move as expected. Awaiting risk averse zones circa 1870Uwaga
Although no clear effect on GOLD, there is still an influx of underlying sentiment.Looking ahead for more. Pre planned longs still remain.
Uwaga
Dripping further as planned. Still not long.Uwaga
No enormous US news events but underlying negative sentiment may help continued fall (entries pre weekend)Uwaga
So make sure you take note of this trading lesson, often occurring with assets like gold.There is nothing major shoving it down. There is a running out short bias after the significant sustained fall from highs. That is why we start to scale in with a measured risk only when absolutely appropriate.
Uwaga
Also feel free to check your daily. Does that tiny green candle look pretty?Uwaga
And also, you do not have a high enough PB too short. So do not short.Uwaga
PS You'd need atleast 1925^Uwaga
Looking ahead to next week for extended falls. Have a great weekend yall.Uwaga
Prepare for market open and position management.Uwaga
Slight negative sentiment creeping into markets. Awaiting reaction later.Uwaga
Jackson hole next week May Provide sentiment also a date to note.Further updates to come RE price action / movement tomorrow.
Uwaga
Updated bias: Longs (lightly 1872), further entries (or first entry for lesser risk traders @ 1857.Uwaga
No reshort entries until 1926Uwaga
More market news tomorrow.Likely we will need a larger news event to spark a move either 1856-1872 or indeed 1926.
Hold tight until either is ultimately reached.
Uwaga
Still too early to short, waiting for news today for pot impetus:Uwaga
Bias Changed ^ 1936 for Shorts initially.Uwaga
Still holding off shorts on news.Uwaga
As Jackson Hole Symposium draws nearer, its a good idea to be very much ready.Uwaga
Eyes on news today. Updates to come.Shorts : 1936 + 1972
Longs : 1857
Uwaga
Confusion bar printed... Remaining OFF until levels hit. ^Uwaga
No real long term sentiment hint due to comments, If you are not scalping it is still ok to be out. Being out does not mean you are losing money, you’ll always be able to trade gold at some point.
Uwaga
Ideally at Key PA zones aforementioned^Uwaga
A new week with various key news events. Keep your head down and eyes on price movement.
Market is 'deciding'. Always a crucial time.
Uwaga
Shorts entered at 1934Uwaga
Great Tech short zone on impetus as mentioned. Merits very light entries. Further @ 1972 are appicable.Uwaga
Maintaining short bias pre news. Check ADP empUwaga
Shorts ideal circa 1937-1942 AND also 1972-1982. Two levels and two optional positions.Uwaga
Remember, within new moves you often have various levels of entry.The first entries are inherently higher risk as they are of lower retracement.
Latter are the opposite.
You do not NEED to trade both, but if you are going to your risk must be scaled accordingly. It is far better to pick several points than just one.
Uwaga
Maintaining short bias Pre news today and tomorrow before end of week.Uwaga
NFP news out, still holding short entries. Further DCA planned if we get nearer 1972+Uwaga
Not a great time to buy as you still do not have any market value. Likely PREV long zones may provide minor bounces - Long term TGT for new entries to the long still still remains much lower.Uwaga
Exit any shorts held for gains.Uwaga
Holding off longs until much further 1860 Area.Uwaga
Bounce currently looking very weak (lower TFs) as expected.Uwaga
Low but not low enough. Follow the above^Uwaga
Still waiting for long zones.Uwaga
Very, very light scalp shorts available.Uwaga
Hold off any major shorts.Uwaga
Still holding off any real major shorts. Weak PA persists and we are awaiting key news. Above all, do not guess the news. Just wait and see.
Uwaga
Still holding off pre fed. Looking 1972.Uwaga
Light intraday longs available.Uwaga
Out of all longs previously, you can relong very lightly now. IF risk averse, hold off until aformentioned levels.Uwaga
Any further longs, hold off to risk averse 1858. Needing an news sentiment influx.Uwaga
Market creeping under 1900. I don’t hold enormous weight in current zone. Leaving room for risk averse longs.Uwaga
Looking for further falls.Uwaga
So we are finally at the expected 1872 area. Light longs can be taken, further add 1858.Uwaga
Exit for gains on light bounce. Awaiting further 1858 (risk averse)Uwaga
And gold finally at 1858 area for Re entry as we saw a long while back. Fall anticipated to take us here and now time to catch / look for bounce / change bias.Uwaga
Bounce exactly off from 1858 as determined a long while ago. Maintain locked in gains via trail SL.Uwaga
Exit former DCA long.Uwaga
Re longing lower.Uwaga
And by lower I mean circa 1837. Identifying new TGTs via PA is very, very important. If you cant do it, you do not know what you are looking for.Uwaga
Long entered.Uwaga
Maintaining longs. Any further falls DCA entries planned. Re shorts much higher.Uwaga
DCAs come way into 1700s.Uwaga
1762 Area, Not Re entering yet.Uwaga
If you haven't already got long 1803 is OK. Leave more for 1760
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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.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.