XAUUSD Gold Scalp Analysis
Updated
Gold is currently ranging between 1964 - 1956.
30m - 1hr candle closure above or below our range is perfect setup for gold to buy/sell for quick scalp.
With no high impact news on gold and since it is end of the week we might see slow or less volume but ongoing tensions between Ukraine and Russia might give us volume and sudden spike in the price.
Rules to follow when following the analysis.
Consistent small gains > a home run.
30m - 1hr candle closure above or below our range is perfect setup for gold to buy/sell for quick scalp.
With no high impact news on gold and since it is end of the week we might see slow or less volume but ongoing tensions between Ukraine and Russia might give us volume and sudden spike in the price.
Rules to follow when following the analysis.
- Always wait for 30m to 1hr candle closure above or below the range for entry.
- It is always better to calculate if the range is wide enough to take the trade or not (R:R).
- Only risk 0.5% to 1% per trade and scale out when price goes in profit for 10pips+.
Consistent small gains > a home run.
Note
TP hit +18pips.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.