Gold Trading Idea today, low risk XAUUSD scalping by ONLYGOLD
Updated
This is a gold trading idea intraday (scalping)
Price was followed #2 scenario last Friday. It was grabbed liquidity then reversal quickly.
You could see detail Wyckoff analysis of XAUUSD below.
Today, there's a small accumulation Wyckoff schematic in low time frame (5m).
Price could re-test Last point of Support around 1781 level.
We also want to see how the price reacts at above resistance levels.
1809-1810
1814-1815
1820-1822
Now, we're trading in a range.
If price reject those levels, we can try to short to below supports.
And we'll only enter when there is enough confirmation.
If you find the article useful or interesting,
Let's comment below !
------------------------------------------
Notes on using this gold trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Price was followed #2 scenario last Friday. It was grabbed liquidity then reversal quickly.
You could see detail Wyckoff analysis of XAUUSD below.
Today, there's a small accumulation Wyckoff schematic in low time frame (5m).
Price could re-test Last point of Support around 1781 level.
We also want to see how the price reacts at above resistance levels.
1809-1810
1814-1815
1820-1822
Now, we're trading in a range.
If price reject those levels, we can try to short to below supports.
And we'll only enter when there is enough confirmation.
If you find the article useful or interesting,
Let's comment below !
------------------------------------------
Notes on using this gold trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Trade closed manually
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