WillSebastian

XAUUSD Up Or Down?

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

As Gold slowly loses long-side impetus, it is important to make wise entry/exit decisions.

These come back on natural flow and technical aspects, as well as the feeding market sentiment.

Changes to rate cut bets have caused slight negative impetus, and a weak tentative fall.

Looking for Re-shorts inline with prev highs / Re-longs in line with swing long zones labelled.

Watch for more.
Comment:
Light re-shorts appropriate.
Comment:
Maintaining short bias as markets crumble.
Comment:
Still no upside. Awaiting FED. Maintaining short ideology.
Comment:
Light RE short at highs on maintained rhetoric (no signif change)
Comment:
Enter Shorts on previous rejection areas (highs)
Comment:
Re-shorts inline with core risk management applicable.

Comment:
Holding RE-shorts on current rejection. PA levels below exist for exits. Do not slam in and space out entries massively (100$ Min) with very low sizes.

Comment:
Maintaining short bias. Remember, do not thump in believing this is the final move. It can, and in many cases will, go higher.

Comment:
Feel free to re-short if you exited for gains yesterday on the above ^

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