WillSebastian

XAU/USD Trading Strategy | Shorting At Highs

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Traders,

Here's a full rundown of where I am putting gold markets at the moment.

Market sentiment is changing continually via global tensions and updates via the FED regarding rate rises.

All of this feeds into markets and it is your job to see where and how people are trading it based on the price at the time and reflecting on history.

Watch for more.
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Lock in short gains. No new entries until moves seen either way.
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Exit shorts for gains as we approach early PA zones.
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Short gains taken, if you had any longs, also ideal to exit. Only looking reshort around and above prev highs.
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Exit shorts looking to RE long circa 1953 as a bias.
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Almost there. Strong into prev resistance.
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Light longs.
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Exit for gains.
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Light longs only lower under prev areas.
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Looking lightly long at next layer of PA
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Long bias (light)
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Remember, always, do NOT buy highs.
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Holding light long bias, would not be surprised if we drip nearer key tech zones circa 1923
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Lock in gains.
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Data coming soon likely to dictate. Stay posted.
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Exit all longs.
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Light shorts.
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1978 at latest. No re entry unless higher than high.
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Exit any shorts.
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Re short light.
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No new shorts until above prev highs.
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This is circa 2050^
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Exit shorts. Only short circa prev highs and higher and light.
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No new entries.
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Light entries applicable only on Entry conf lower TFS.
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Make it light. Only new entries a bit higher circa 2045
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Exit for minor gains, only re shorts much higher.
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Maintaining bias, although, if preferred, light shorts are OK.
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Maintaining shorts into todays news and onto weekend.
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Remember, never load up. You do not know how high, you can only take value on huge rises (like now)
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Short into mon.
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Maintaining short bias as week progresses. No further entries planned until back into raving highs (long stretched long term wicks).
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Same as above^ there is still room no signif PA.
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Allowing further for rampant price.
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Looking for entry conf and shorts.
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Shorts now preferred.
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no large news effect. Still maintaining bias short.
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no exits until lower (W Support)
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Further maintain short entries.
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Exit ALL shorts. Only minor longs.

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