Honda Shadow 750, burning smell?

I have had this bike for a year niw, it's an '07, I changed the oil in the beginning of the season, and it sat from june-Sept because I needed a new front tired and didn't wanna ride on it too much.

Well, now after I ride, I keep getting the smell of "hot glue"

I checked the oil, good color, good level.

What else could it be, I read that it could be the clutch?

The bottom of your shoe on the exhaust pipe.

Did you use motorcycle oil? Non-recycled? Non motorcycle oil or oil refined from recycled oil has polymers in it that can give off a smell while they ruin your clutch. Double check what you used. If that is good, dump the fuel currently in it and add fresh. Normally additives are a waste of money, but if the bike hasn't been run for a few months, adding the correct amount of "SeaFoam" fuel system treatment could be beneficial. Run a tank of fresh fuel through it with the SeaFoam additive then fill the tank again with fresh fuel and you should be good to go with no worrisome smells.
If you continue to have problems I'd recommend going to www.hondashadow.net for more technical info.

Something lying on your exhaust? Like a saddlebag? Or something else?

Something burning on the exhaust pipes.

Could be an anti freeze leak somewhere.
Best way to check is with a cooling system pressure tester.
Look around the engine, especially where water hoses connect to it and check for stains because of coolant leaks.

In between the 2 cylinders (down where they connect to the crankcase) is a water pipe that connects to the F & R cylinder.
It is very common on your model for that water pipe joint to leak.

Where the two cylinders go down to a "V" - the water pipe #3 joins the two cylinders together.
http://www.partsfish.com/oemparts/a/hon/5053fae8f870021c54be99f7/water-pipe

If there's nothing burning on your exhaust then remove the seat and check in the big pack of wires behind the tank for a connector with 3 yellow wires going to both sides of the connector - make sure the connector and wires are not starting to overheat - will be dark brown in spots around the connectors and wires (common problem with Shadows).